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Restaurant Freehold Property For Sale

Kings Cross, New South Wales, Australia
Asking Price:
On request Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Ground Floor Opportunity To Be Part Of The Kings Cross Renaissance

High foot traffic position in one of Australia's most popular dining, entertainment and tourist areas plus the one of the most densely populated local populated areas

Currently Mexican restaurant on a 5 x 5 x 5 year lease with demolition clause which allows buyer to use for their own restaurant.

The property comes with full fit-out to change into the cuisine of your choice with a good income while you are planning for it.

- 259m2 Ground floor corner location including around 40m2 of covered outside dining area on the title.

- $211,733 pa net income (approx) Plus depreciation benefits currently around $28,000 pa

- Commercial Commercial Investment Property in a prime location within Kings Cross dining and entertainment precinct.

- Direct street frontage with exposure to Bayswater Rd and internal walkway.

Regular shaped allotment configured over six adjoining allotments

Less than 2 km to Sydney CBD

- Possible future redevelopment options

Property Information

Real Estate:

Real Property Included

Living Accommodation:

None

Location:

Premier Dining, Entertainment & Tourist Australian Location

Premises Details:

Fully fitted out restaurant

Size in square feet:
2,600
Planning Consent:

Flexible "on premises" liquor license allowing for good service times

Business Operation

Expansion Potential:

Create your own restaurant if required. Current business name is not included. Only building and fitout.

Competition / Market:

Yes but in inferior locations

Trading hours:

6 nights

Employees:
0
Years established:
4

Other Information

Support & training:

n/a

Furniture / Fixtures value:
$500,000 (AUD) - included in the asking price
Inventory / Stock value:
$1 (AUD)
Website:
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