Level GF/37-41 Bayswater Road Potts Point, NSW 2011
Level GF/37-41 Bayswater Road Potts Point, NSW 2011
Level GF/37-41 Bayswater Road Potts Point, NSW 2011
Level GF/37-41 Bayswater Road Potts Point, NSW 2011
Level GF/37-41 Bayswater Road Potts Point, NSW 2011
Level GF/37-41 Bayswater Road Potts Point, NSW 2011
Level GF/37-41 Bayswater Road Potts Point, NSW 2011
Level GF/37-41 Bayswater Road Potts Point, NSW 2011
Level GF/37-41 Bayswater Road Potts Point, NSW 2011
Level GF/37-41 Bayswater Road Potts Point, NSW 2011
Level GF/37-41 Bayswater Road Potts Point, NSW 2011
Level GF/37-41 Bayswater Road Potts Point, NSW 2011
Level GF/37-41 Bayswater Road Potts Point, NSW 2011
Level GF/37-41 Bayswater Road Potts Point, NSW 2011
Level GF/37-41 Bayswater Road Potts Point, NSW 2011
Level GF/37-41 Bayswater Road Potts Point, NSW 2011

Level GF/37-41 Bayswater Road Potts Point, NSW

Sold

Property Type Retail
Asking Price Sold
Floor Area 128 m²
Land Area

Prime Corner Position Retail Investment

An excellent opportunity exists to capitalise on this sought-after retail investment tenanted to "Sonora" Mexican Restaurant. This is the newest venue from the established team who also operate ''Taqiza'' and "Carbon Mexican Woodfire" restaurants, both located at Bondi Beach.

This remarkable retail investment commands attention from local foot and passing traffic, situated on the corner of Ward Avenue and Bayswater Road, one of Potts Points busiest positions. It provides a well-equipped and licensed restaurant site in one of Sydney's most sought-after suburbs. This impressive and established operator is currently tenanted with a 5 year lease and 5 year option, and yields a high rental return of $109,788.52 per annum net (approx.)

This corner site caters to indoor and outdoor dining, with two street fronts and a comfortable 94 sqm layout. The new internal fit out features polished concreate flooring throughout, stone benchtops with a quality kitchen and appliances, while the ample refrigeration and glass counter storage provide additional space.

Additional highlights include secure parking and separate storage space, internal bathrooms, high ceilings, ducted air conditioning, floor to ceiling glass doors and windows opening onto the private courtyard. Surrounded by the major banks, boutiques, Woolworths, Coles and The Kings Cross Shopping Centre along with public parking, this rare investment ticks all the boxes.

• Ready-made retail investment
• Well-established and experienced tenant
• Secure long lease until August 2024 plus an additional 5 year option
• Net income $109,788.52 per annum plus GST
• Fixed rental growth of 4% per annum
• Low outgoings, approximately $4,600 per annum
• 94 sqm open layout of indoor and outdoor seating
• 26 sqm of parking and 8 sqm of storage
• Valuable onsite liquor licence
• Warm and inviting quality décor
• Stainless steel finished kitchen
• Stone counters and benchtops
• Air conditioning, high ceilings & ample storage
• Internal bathrooms + extensive refrigeration
• Exceptional investment opportunity

Auction: Thursday 12th November 2020
Venue: On-Site
Time: 10:30am