Located in the exclusive Balmain East precinct perfectly positioned on Darling Street, is this stunning commercial investment property.

Currently leased as a restaurant trading as Cappello, the property showcases classic old charms featuring exposed sandstone walls with stylish modern interiors.

On the ground floor is the restaurant and commercial kitchen, with the first floor offering additional dining and amenities. The property boasts a lovely rear courtyard with right of way access to Duke Street and is in close proximity to the ferry and bus services.

The property is zoned Business with a Site Area of 121sqm and Building Size of 102sqm (approx).

The tenant has just signed a new 3 + 3 year lease from 13/02/2012.
Rental: $76,632.00 + GST per annum.
The property has substantial depreciation allowances.