Phudies Bakery & Restaurant – Port Arthur $250,000<BR><BR>This commercial property is on the corner of North Street and the Arthur Highway at the entrance to the Historic Site.<BR><BR>The building was first built in 1979 and has had several uses including initially a restaurant then a photography / souvenir shop and again a restaurant known as "Bites & Berries" from November 2002.<BR><BR>Presently "Phudies" is leased for a three-year period, which commenced on 12th November 2003. There is also a lease option for a further 2 by 3 years. The present lessees have established a reputation for excellent coffee and patisseries as well as light lunches and evening meals.<BR><BR> Several years ago the exterior of the building was modernised in keeping with the area.<BR><BR>The building its self is zoned Business-Commercial and the rest of the land that it sits on (approximately 2 acres) is zoned Special Business under the Tasman planning scheme.<BR><BR>The interior of the building is modern and has a takeaway area, a restaurant seating approximately 60 people, toilets, office, dry goods store, walk in cool room, and a more than adequate sized kitchen with all the necessary equipment for catering.<BR><BR>The location is brilliant and there is the possibility STCA of building some units on the balance of the land, which effectively is within 70 metres of the entrance of the Port Arthur Site.<BR><BR>This is a great opportunity to purchase a commercial premises in a much sought after area that is showing a return on investment of 7.8%.<BR><BR>This prime location enables a purchaser the ability to tap in to the 250,000 plus tourists that travel this route annually.