Rare Investment In Potts Points Tightly Held Dining Precinct
Address
7 Kellett Street, Potts Point
NSW
Area
150.00 m²
Details
Mercer Property is excited to introduce 7 Kellett Street, Potts Point, to the market for sale by public Auction.
This beautiful terrace is set up as a high yielding commercial investment with an established tenant, in a prominent precinct in Sydneys Eastern Suburbs.
Situated in the heart of Potts Points bustling dining district, this property is surrounded by thriving contemporary eateries like Ezra Restaurant & Caffe Roma immediately adjoining and House Bar & Bistrot, Apollo dining, Franca, and more all within close proximity. Additionally, 7 Kellett Street is just a corner away from Potts Points newest flagship development in Queensgate, a mixed-use project by Iris Capital.
Deans Lounge represents an exceedingly rare opportunity to acquire a meticulously crafted strata retail with late night 3 am trade. The property is fully approved and operational, boasting existing permissions for a small bar/restaurant and a valuable PSA liquor license with extended trading hours. This turnkey establishment presents an ideal investment for savvy investors.
Key investment highlights:
- Net Income: $137,472.60 per annum (approx)
- Long term tenant with 5-year lease (2 years remaining on initial term)
- 2 further 5-year option period until 2035
- 3% annual increases
- Strong security bond
- Late night 3 am licence
- Includes all FF & E
- Proven operators in Deans Lounge
- D.A. approval for restaurant or small bar usage and PSA liquor license.
- Exceptional interior design
- Equipped with two fully fitted bars and service areas.
- Male and female restroom facilities
- Cool Room
- Commercial kitchen exhaust ducting
- A grease arrestor
- Storage
Mercer Property is offering 7 Kellett Street, Potts Point for public auction on Tuesday, 28th November, at 10:00 am (AEDT).
For a detailed Information Memorandum and contract of sale, please contact our exclusive agents.
This beautiful terrace is set up as a high yielding commercial investment with an established tenant, in a prominent precinct in Sydneys Eastern Suburbs.
Situated in the heart of Potts Points bustling dining district, this property is surrounded by thriving contemporary eateries like Ezra Restaurant & Caffe Roma immediately adjoining and House Bar & Bistrot, Apollo dining, Franca, and more all within close proximity. Additionally, 7 Kellett Street is just a corner away from Potts Points newest flagship development in Queensgate, a mixed-use project by Iris Capital.
Deans Lounge represents an exceedingly rare opportunity to acquire a meticulously crafted strata retail with late night 3 am trade. The property is fully approved and operational, boasting existing permissions for a small bar/restaurant and a valuable PSA liquor license with extended trading hours. This turnkey establishment presents an ideal investment for savvy investors.
Key investment highlights:
- Net Income: $137,472.60 per annum (approx)
- Long term tenant with 5-year lease (2 years remaining on initial term)
- 2 further 5-year option period until 2035
- 3% annual increases
- Strong security bond
- Late night 3 am licence
- Includes all FF & E
- Proven operators in Deans Lounge
- D.A. approval for restaurant or small bar usage and PSA liquor license.
- Exceptional interior design
- Equipped with two fully fitted bars and service areas.
- Male and female restroom facilities
- Cool Room
- Commercial kitchen exhaust ducting
- A grease arrestor
- Storage
Mercer Property is offering 7 Kellett Street, Potts Point for public auction on Tuesday, 28th November, at 10:00 am (AEDT).
For a detailed Information Memorandum and contract of sale, please contact our exclusive agents.
