Rare Investment with Upside – Affluent Southern Highlands Region

18 Kangaloon Road , Bowral NSW

Property Highlights

Iconic Hatted Restaurant

Accommodation Investment

With Upside!

Description

Biota comprises two restaurants plus 12 well presented queen rooms
Huge 6,042 sqm site with major residential development upside with potential for up to 36 dwellings (STCA)
Established tenant on long term lease with options to 2030
Biota fine dining is a highly awarded two hatted restaurant established in this location since 2010
Tenant undertook major refurbishment in early 2019 incl. launching Berthas Meats bar and grill which is a casual alternative to their fine dining
Generous fixed 3% annual rent increases
Attractive net lease with tenant paying outgoings, as per lease

Net Income
$298,555 pa + GST

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Liquor
Land Size
6,042 SQM
Gross Building Area
1,274 SQM

Contact Agents

Simon Staddon

0413 640 851

Kieran Bourke

0417 418 007

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