CROWS NEST_Mexican Restaurant

New 10 year lease from April 2015 plus option till 2035.
Leased to Los Vida, a successful authentic Mexican restaurant chain with venues at Barangaroo, both the Westfield Pitt Street and Wintergarden centres in the Sydney CBD and expanding nationally.
Experienced tenant, previously director of Ruby L’otel and Sumo Salad.
Substantial 300sqm freehold building and restaurant with 200 seats.
Outstanding tenant fit out worth circa $800k.
Extremely successful and busy restaurant and bar.
Huge exposure to Pacific Highway and close to the new Woolworths shopping centre with over 300 car spaces, and the Crows Nest Hotel, which is undergoing a major refurbishment.
Possible future development upside (STCA).
Net lease with tenant paying all outgoings, as per lease.
Net Income: $192,000 pa + GST.

Auction 11am AEDT Thursday 29 October
Sofitel Wentworth Hotel, Sydney