Double Fronted Retail Investment In Iconic Darlinghurst Building

Address

46-50 Burton Street, Darlinghurst
NSW

Size

Total Area
88 m2

Details

Mercer Property is delighted to present to the market for sale this phenomenal retail investment located in one of Darlinghurst's most iconic developments, Republic 2.

Completed in 2000 this acclaimed Burley Katon Halliday designed mixed use building precinct of ultra-luxury residential apartments and bustling hospitality venues forming a European style retail piazza.

Located in one of Sydney's most densely populated suburbs, the property (lots 105 & 106) is a double frontage licensed restaurant that offers a long term lease in place with tenants Elements Bar & Grill. The property also includes 2 security car spaces.

Key features of this property include:

- Long lease to popular restaurant/bar - Elements Bar & Grill
- Net income $83,762.09*
- Strata area: 88sqm* + exclusive use outdoor seating area
- Fully refurbished 18 months ago
- Rare Primary Service Authorisation (PSA) license
- Licensed for 120 patrons offering both indoor and outdoor dining options
- Huge exclusive use outdoor seating area with retractable awning
- North facing outdoor seating area exposed to sunlight throughout the day
- Flexible trading hours from 7am to 12am
- Double fronted shop with glass bi-fold doors
- Existing fit-out forming part of the leased premises
- Rare inner-city car spaces (2) located within security building
- Located less than 1km from Sydney CBD

*Approximately

For further details or to arrange an inspection, please contact the below agents.

Matt Davoren: 0410 488 437
Tom Speakman: 0412 891 330

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