Freestanding Commercial Investment - 5 year lease with 8.8% net return
- Building: 345m²
This freehold commercial property is subject to a 5 + 5 year lease to a contract catering and cafe business which has been operated by the current owners for 13 years. The tenants employ 37 staff, have a 5 star rating on Trip Advisor with an extensive client base and have enjoyed spectacular growth in recent years.
The funky caf seats 70 and the business caters on a contractual basis to numerous off site venues and comes complete with a large modern full commercial kitchen. Fixtures such as extraction canopies and grease trap are included as part of the freehold sale.
The site has ample parking with additional development potential for offices or a dwelling at the rear .
For more information, please contact Troy Townsend from Ray White Commercial.