This prime freehold property is prominently positioned directly opposite Balmoral Beach and offers a unique opportunity for the astute investor.

The building commands a prominent corner position and has a long history of successful restaurants and cafes. It’s currently occupied by La Repubblica on a 5 year lease with two 5 year options which commenced in July 2011. Current gross rent is approximately $341,867 per annum.

An excellent investment as is, or take advantage of the DA approved plans to expand the building and further enhance this amazing offering.

* Prominent corner position in beachside location
* Land area approx. 190sqm
* Building area approx. 235sqm
* DA approved building area approx. 378sqm
* Two car spaces

Please contact Scott Stephens or Amy Pfeiffer on 9969 1500, apfeiffer@ljhooker.com for further information.