Stunning Northern Suburbs Tavern (Available As Freehold Only with Long Lease to Current Operator or with New Lease )

For Sale - Price On Application

If you would like to know more about the above opportunity please complete the form below and click submit, one of our professional consultants will contact you ASAP.

Fantastic opportunity is available to own or lease this stunning as new contemporary tavern located in a busy shopping centre in Perths Northern suburbs

Overview

Property Features:

  • Prime position on a large corner site in the expanding northern corridor
  • Strata site in large busy shopping centre with abundant parking
  • Total site area of 3,144sqm with further development potential
  • Tavern licence for 399 persons
  • Strong cash flow and consistent profitable trading history
  • Easily managed bar and bistro venue ( no bottle shop)
  • Council approved plans to add a coffee drive – through outlet in the rear carpark generating additional income stream or leasing opportunity

A modern tavern including;

  • Large 159 sqm restaurant
  • 174 sqm upper lounger bar
  • 48 sqm lower lounge bar
  • Sports bar
  • Rear courtyard and impressive contemporary alfresco area . 

 Purchasing Options Available

 

The Seller is prepared to offer either :

1. A NEW SECURE LEASE OF THE BUSINESS [the preferred option] on the following basis

  • Initial Term:10 years
  • Options: 3 x 5 year options (total Lease 25 years)
  • Rent Reviews : Annual to CPI plus 1 % and market every 5 years
  • Asking price: $2,850,000 plus trading stock , OR

2. FREEHOLD WITH LEASE BACK TO CURRENT OPERATOR on the following basis :

  • Initial Term:10 years
  • Options: 3 x 5 year options (total lease 25 years)
  • Rent : Negotiable

 

For confidential appointment and full details please contact selling agent Lance White as listed below

  

 

 

 

 

 

www.ascend.com.au

Keywords: hotel, restaurant, Butler, freehold, leasehold, tavern

More Tools

Business Agent(s)