Impressive Potts Point Investment -
7 Kellett Street, Potts Point
|Price||Price Guide On Request|
|Property Type||Retail, Offices, Hotel/Leisure|
Rare investment opportunity in the heart of the Potts Point entertainment precinct. Located on Kellett Street, an established street packed with first class food and beverage operators. Available with one of the best liquor licences in Sydney permitting trade from 7 am to 3 am.
– Restaurant/Bar trading as “Rose Royale”
– High quality fit-out from “Edge Design Studio” (Manly Wharf Hotel, The London – Paddington, Barrio Chino – Potts Point etc)
– Currently leased 1 + 2 + 2 and tenants have just exercised the first 2-year option.
– Current $105,000 per annum plus GST approx, increasing in November 2019 to $110,250+GST
– Lessee pays 100% water rates
– Outgoings (strata & council) – $4,471 per quarter
– Fixed rental growth of 5% per annum
– Approximately 150 sqm (including a valuable outdoor area of 19 sqm)
– Liquor licence with “Primary Service Authorisation” and “Extended Trading Hours Authorisation”
– Rare opportunity to purchase a high-quality investment in this tightly held precinct