$4 Million (negotiable)

SOLD AT NEW MARKET RECORD RATE IN THE AREA, ANOTHER RECORD SET BY SOUTH SYDNEY COMMERCIAL!

Shop 1 is located on the high exposure corner of Mitchell Road and Fountain Street ALEXANDRIA NSW 2015 approx 400 metres from the Australian Technology Park.

FOR SALE by private treaty is a very rare opportunity to secure this long term leased Food and Beverage use property investment on a prominent corner position in the city fringe of Sydney.

LEASE PARTICULARS:
TENANT: Went to see the Gypsy
TERM: 10 Years (remainder of being 7 years)
OPTION: 5 + 5 Years
RENT: $192,320 net pa + GST
INCREASES: 3% pa
SECURITY: Six (6) Months Rent + GST
OUTGOINGS: 100% property outgoings paid by the tenant

PROPERTY PARTICULARS:
USE: FOOD AND BEVERAGE / RESTAURANT OR BAR USE
SIZE: 220sqm NLA + Car Space
Incl:
GREASE ARRESTOR & MECHANICAL EXHAUST
HIGH CEILINGS
100 AMPS 3 PHASE POWER

ABOUT THE TENANT:
Went to see the Gypsy is a privately owned licensed Cafe/Restaurant that is operated and managed by the successful Hospitality Management Group, serving modern Australian food, exceptional coffee and alcohol this cafe/restaurant has become a go to location for local residents, get togethers and business meetings.

Huge Depreciation! Schedule Available.

If you are looking for a secure long term investment, this is the one!

Call me for an immediate inspection and the Information Memorandum.

Contact:
Craig Carroll
0412 034 263
SOUTH SYDNEY COMMERCIAL
Thinking Outside the Square Metre (R)