Prominent commercial building opposite Botany Bay. Prime location in the heart of the popular cosmopolitan restaurant strip. Restaurant – established to long term tenants. Rare opportunity to own this tightly held piece of prime real estate. Restaurant lease expires 2013 with 5 year option. Nett income: approx $138 813.72 per annum plus gst plus Tenant pays 100% of all outgoings. Council rates: $9,000 pa. Water rates: $7,600 pa Land tax: $18,000 pa Insurance: $7,500 pa
Total land size: 164 sqm approx.