Cafe/bakery + 3 bed flat + studio garden flat | 2.5 bathrooms | 2 parking (RLA)
ENTIRE BUILDING TO BE SOLD IN ONE LINE – Flexible zoning 2(c) – Dual street frontage.
Prominently positioned for maximum exposure to the target market & just metres from both Tamarama & Bondi Beach, the retail-bakery component has traded successfully for 25 years as Hytone Cafe/Bakery. This unique property package deal also includes 2 separate self-contained flats, currently lived in by the family who owns & runs the streetside cafe/bakery business.
Unusually versatile & comfortable – with solid returns, the property’s future possibilities are limited only by your imagination & subject to Council approval.
+ Option 1: Make the most of the great bones by renovating the retail space & both flats to retain as a family home & career
+ Option 2: Renovate the lot (& fulfil strata potential, STCA) to create 3 separate modern ready-renters or home & 2 incomes
+ Option 3: Reinvent the shell (STCA) as contemporary commercial/residential income producers to on-sell
+ Option 4: Negotiate with current owners for them to lease back the modernised business premises (& 2 sep apartments)
+ Over 6 metres wide & approx 224 sqm of land with dual street frontage & trendy beachside location
+ The existing 3 storey brick building (circa 1930′s) includes a private courtyard garden & a magic eye double garage (RLA)
+ The street level cafe/bakery is fitted with rc air con, various fridges, a commercial kitchen (with 3 huge gas ovens, exhaust system, grease trap, food preparation areas, walk in cool room), additional large office/store room, sep int’l laundry with wc
+ Top floor apartment currently offers: sep entry (both from street & from c’yard), large lounge, 1 double bedroom, 2 single bedrooms, separate attic retreat or study/bedroom featuring ocean/district outlook & scope for future extension or roof deck (STCA), updated bathroom, large modern open plan dining & granite kitchen with gas cooking, st-steel appl’s, ample storage
+ Lower level studio garden flat currently includes: easy near-level access from quiet rear lane & LUG, courtyard & a covered bbq area, large bed-sitting room (cathedral ceiling & polished concrete floor), spacious open dining (pol timber floor) adjoins smart modern CaesarStone/gas kitchen, separate large store room or study/media room (built ins), modern bathroom
+ Explore the possibilities & fulfil the massive potential of this affordable beachside commercial/residential opportunity
+ Council Rates: Approx $3000.00 per annum
Water Rates: Approx $1400.00 per annum