Investors with a sweet tooth are looking to take a slice of one of the best positions on the Brighton-Le-Sands food and entertainment strip, according to Gunning Real Estate.
Gunning Real Estate Director William Gunning said the prominent freestanding restaurant building on the corner of Bay Street and The Grand Parade Brighton Le Sands is home to Dezerts Restaurant.
“The expansive two level waterfront café restaurant which specialises in home made deserts is on a five year lease of almost $135,000. There is also an opportunity for development potential with an amalgamated site in the future.
“With huge exposure to south bound traffic on The Grand Parade the property gets good vehicle traffic and is very close to the pedestrian crossing to Brighton Beach, which provides heavy foot traffic.
“It is an exceptional location close to the Novotel Hotel and is arguably the best position on this famous southern Sydney food and entertainment strip. With a footpath dining license and nine meter frontage to Bay Street, it there is room for rental improvement in the current market rent.
“The quality restaurant fit-out includes a large modern commercial kitchen on the ground floor and a building area of around 320sqm. There is a rear service frontage to Creighton Lane.” Mr Gunning said.
The property at 373 Bay Street, Brighton-Le-Sands will be auctioned on Wednesday 29 March 2017 at Club Central Hurstville, 2 Crofts Avenue, Hurstville at 11.00am.
For further information or to arrange an interview with William Gunning of Gunning contact Helen at email@example.com or on 0419 642 961.