An Iconic City-fringe Freehold Investment
Address
72-74 Stanley Street, Darlinghurst
NSW
Area
341.61 m²
Details
Mercer Property is delighted to present to the market for sale by Expressions of Interest 72-74, Stanley Street, Darlinghurst.
The property presents a wonderful opportunity to acquire an iconic freehold building leased to Sydney institution, Bill and Tonis Italian Restaurant.
The incredible position and double-fronted terrace building offers a highly desirable investment proposition, featuring two levels of cafe/restaurant space, dual street access and rear parking for up to 2-3 cars.
Investment Highlights:
- Long-term 7 year lease (5 years remaining) to 2027, with an option until 2032
- Gross income: $228,424.00* + GST per annum
- 2 x commercial kitchens, ground floor and level 1
- Character and traditional Italian inspired fitout
- Renowned and established hospitality precinct
- Excellent proximity to the CBD
- Valuable on-premise license
- Previous approval to build an outdoor terrace to the rear of the property
*approximately
Mercer Property is offering 72-74 Stanley Street, Darlinghurst for sale by Expressions of Interest, closing on Thursday 25th August 2022 at 3:00 pm (AEST)
The property presents a wonderful opportunity to acquire an iconic freehold building leased to Sydney institution, Bill and Tonis Italian Restaurant.
The incredible position and double-fronted terrace building offers a highly desirable investment proposition, featuring two levels of cafe/restaurant space, dual street access and rear parking for up to 2-3 cars.
Investment Highlights:
- Long-term 7 year lease (5 years remaining) to 2027, with an option until 2032
- Gross income: $228,424.00* + GST per annum
- 2 x commercial kitchens, ground floor and level 1
- Character and traditional Italian inspired fitout
- Renowned and established hospitality precinct
- Excellent proximity to the CBD
- Valuable on-premise license
- Previous approval to build an outdoor terrace to the rear of the property
*approximately
Mercer Property is offering 72-74 Stanley Street, Darlinghurst for sale by Expressions of Interest, closing on Thursday 25th August 2022 at 3:00 pm (AEST)
