Property Description
:: Shop + Residence
:: Fully fitted out restaurant
:: 3 bedroom residence
This purpose built commercial property with three bedroom residence above would appeal to investors looking for a great return. The property is currently rented at $48,528 per annum (plus GST) with the tenant paying all outgoings. The current lease expires 03/04/2016 with a five year option to renew. It is presently used as an Italian restaurant and comes with a wood fire pizza oven, fully fitted commercial kitchen and food preparation area. The restaurant has the floor space for 50+ covers and has two rest rooms for patrons. The three bedroom unit is fully equiped with its own front and rear entrance and could be rented separately. A highly motivated vendor wanting to sell at the auction.
IMPORTANT NOTE: Building area is approximate only and excludes upstairs balcony