PALM BEACH

Indoor Area = 63sqm. Outdoor Area = 76sqm.

Shop with great exposure currently split into two with one side a restaurant and the other a hair dresser.

Lease details:

Restaurant: 3 year lease + 3 year option, commenced August 2013, $26,071.43 per annum + GST Net (tenant pays 90% of outgoings).
Hair Salon (potential lease): $15,600 per annum + GST net.

Potential approximate net annual income: $41,714

The restaurant has an internal area of 48sqm with bi-fold doors that open right up to an outdoor terrace on title of 58sqm (25sqm covered) offering a floor plan approved for 50 seats.

The Hair Salon of approximately 15sqm has been run for the past 10 years by a successful operator. The Salon operator will consider signing a long-term lease.

Dont miss out on this opportunity to be part of the Palm Beach community, call today and inspect!

Features:

* Bi-fold glass doors opening onto an exclusive use outdoor area (partially covered)
* Enjoy the use of BBQ area and swimming pool within the complex
* Communal Male, Female and Disabled amenities
* Coin operated commercial laundry within development
* 3 Secure Parking Spaces (one Tandem with small storage area for restaurant)
* Outgoings – $4,418 per annum
* For Sale – $600,000 exclusive of GST.

Location:

Located below a short term stays residential development with direct frontage to Barrenjoey Road, the main road running in and out of Palm Beach. Within a small community row of retail shops, offices, residential units and approximately 100 metres from the RSL. Public transport is available directly out the front of the property leading to and from the Sydney CBD. Palm Beach is an affluent suburb at the northern tip of Sydneys Northern Beaches and is very popular amongst tourists being the back drop for the popular television series Home and Away. The suburb boasts unique beauty, water sports dominate the area, it features amazing properties and restaurant choices range from casual to sophisticated.

**All quoted areas, measurements and figures are approximations**