Cafe/restaurant in a leafy European-style urban setting

Take your place in the historic heart of Sydney or secure a piece of prime real estate in a leafy city setting just past St Mary's Cathedral and The Domain. With an established tenant in place, currently leased to the Colliers Sandwich Company, the commercial space is zoned for a cafe/restaurant with a 2 x 5 leasehold with four years remaining and a 3% annual rental increase. Renowned for the best sandwiches in this part of town, the 66sqm of functionable cafe currently yields $54,187.20 gross per annum making it an ideal low-maintenance portfolio addition for the investor or SMSF buyer. On the ground floor of Cathedral Apartments, a boutique European-style building, this vibrant city precinct is surrounded by office buildings, retail and high-density residential with excellent exposure to both pedestrian and vehicle traffic.

- Busy commercial/shopping hub with level street access
- Unique investment with strong capital growth potential
- Prominent location with an established tenant in place
- City side western end of Jacaranda-lined Cathedral Street
- 2 x 5 leasehold, current tenancy expires in August 2027
- Over 66sqm incl storage and dedicated covered ext. seating
- Excellent fitout with an established regular customer base
- Prime location by The Domain in the city's cultural hub
- 500m to Hyde Park and 700m to Finger Wharf restaurants
- Low maintenance investment with strong rental yields

Additional details

  • Total Area Size 66 sqm

Price

$850,000-$935,000

For Sale

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Selling agents

Santos Sulfaro

0402 680 861 

Frank Sulfaro

0410 645 037 

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