INVESTMENT - FIRST TIME OFFERING IN OVER 30 YEARS
- PRIME INVESTMENT
- TOP QUALITY ESTABLISHMENT
The prominent position on Pittwater Road in Mona Vale's Central Business District is within walking distance to transport, banks, post office, shopping centre and speciality shops.
Landmark building offered for the first time in over 30 years for sale was totally rebuilt in 1998 and then refurbished in 2004. The restaurant comes as the total package and equipped with everything brand new. An ambient atmosphere from entry and throughout with all the inclusions you could expect from such a top quality establishment including a drink authority licence to seat 170 people in the main restaurant area and 30+ people in the bar area, a full cocktail bar, covered outdoor courtyard with water feature, terrace dining, intimate bay window dining, modern commercial kitchen, large wood fire pizza oven holding up to 35 pizzas and manicured garden landscape entrance.
Current tenancy has re-signed June 2018 with a Five (5) + Five (5) year lease, current rental $193,083.84
Sale Price $3,800,000
Net Yield 4.6%
For Information Memorandum Contact Leigh on 0418 479 723 or email@example.com
345 sqm Approx.
21 Car space (Common Property)
$3,800,000 + GST
$18,000 P.A (estimated)
All the prices quoted are exclusive of GST