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28 Falcon Street, Crows Nest, NSW 2065
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1. Property Summary
Property Type
Residential, Commercial
Land Area
239 m² (*approx)
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2. Property Highlights
SOLD!
Blue-Chip Investment with Future Potential in Popular Crows Nest
An astute investment opportunity, this blue-chip retail premises with a long term tenancy in place presents as a unique commercial real estate offering with future development potential (STCA).
Leased to a popular bar benefiting from a rare late night 3am liquor licence, 'The Foxtrot Inn' is an attractive investment in its own right in a booming Lower North Shore location.
Current Business
- 'The Foxtrot Inn' is a busy late night venue with a 3am Liquor Licence
- Current net rent of $93,000 plus GST per annum with fixed 4% annual rental increases
- Tenant is responsible for all outgoings and management fees
- Net lettable area of 155sqm (approx.) over a split level layout with rear lane access with parking for up to 4 cars
- Substantial fitout in place complete with kitchen including grease trap and exhaust extraction system
- Profitable investment currently tenanted on a 5 year lease with two 5 year options
- Rare Liquor Licence with PSA (Primary Service Authorisation) allowing for the sale of liquor to patrons without food or any other service
Location
- 239sqm (approx.) of land with B4 Mixed-Use zoning allowing for future development (STCA)
- Bustling location close to the new Woolworths supermarket and Council car park and a range of restaurants
- Close proximity to St Leonards Train Station, the new Crows Nest train line and bus lines linking the Upper North Shore to the Sydney CBD
- Metres from the newly refurbished Crows Nest Hotel, the only other late night venue currently servicing Crows Nest
- Positioned within close proximity to North Sydney, Neutral Bay and the City centre
For more information please visit www.28falconstreet.com
Scott Stephens 0409 960 006
Tim Abbott 0425 285 833
Michael Counihan 0434 731 214
** All information contained herein is gathered from sources we consider to be reliable, however we cannot guarantee or give any warranty to the information provided.
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Development Potential
1. Property Summary
Property Type
Residential, Commercial
Land Area
239 m² (*approx)
2. Property Highlights
SOLD!
Blue-Chip Investment with Future Potential in Popular Crows Nest
An astute investment opportunity, this blue-chip retail premises with a long term tenancy in place presents as a unique commercial real estate offering with future development potential (STCA).
Leased to a popular bar benefiting from a rare late night 3am liquor licence, 'The Foxtrot Inn' is an attractive investment in its own right in a booming Lower North Shore location.
Current Business
- 'The Foxtrot Inn' is a busy late night venue with a 3am Liquor Licence
- Current net rent of $93,000 plus GST per annum with fixed 4% annual rental increases
- Tenant is responsible for all outgoings and management fees
- Net lettable area of 155sqm (approx.) over a split level layout with rear lane access with parking for up to 4 cars
- Substantial fitout in place complete with kitchen including grease trap and exhaust extraction system
- Profitable investment currently tenanted on a 5 year lease with two 5 year options
- Rare Liquor Licence with PSA (Primary Service Authorisation) allowing for the sale of liquor to patrons without food or any other service
Location
- 239sqm (approx.) of land with B4 Mixed-Use zoning allowing for future development (STCA)
- Bustling location close to the new Woolworths supermarket and Council car park and a range of restaurants
- Close proximity to St Leonards Train Station, the new Crows Nest train line and bus lines linking the Upper North Shore to the Sydney CBD
- Metres from the newly refurbished Crows Nest Hotel, the only other late night venue currently servicing Crows Nest
- Positioned within close proximity to North Sydney, Neutral Bay and the City centre
For more information please visit www.28falconstreet.com
Scott Stephens 0409 960 006
Tim Abbott 0425 285 833
Michael Counihan 0434 731 214
** All information contained herein is gathered from sources we consider to be reliable, however we cannot guarantee or give any warranty to the information provided.
Read More
