Iconic Parramatta Pancakes on the Rocks Investment

1e redbank road, northmead nsw

Price: Contact Agent

  • Renewed lease to established tenant
  • Iconic national restaurant chain
  • Attractive modern 2,118 site

Property Details

To be Sold Individually
Auction 11am Tuesday 31 July 2018
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

Renewed 5 year lease to October 2022
Pancakes on the Rocks – trading from this location since 2006
Iconic national restaurant chain first established in 1965
Attractive modern building with ample seating
2,118 sqm land holding next to the new Bunnings
Tenants pay outgoings, as per lease
Rare 4% annual rent increases
Net Income: $187,196 pa + GST

There are 4 premium freehold investments in Northmead to be auctioned including McDonald’s & Service Station, KFC & Pancakes on the Rocks
Northmead, established suburb less than 5km from Parramatta CBD
Just 26km north west of the Sydney CBD
Parramatta – the geographic centre of Sydney
Massive local infrastructure investment to cope with substantial population growth
Local Government Area is home to more than 230,000 people
Gross Regional Product of $25 Billion forecast to hit $30 Billion by 2021
Adjacent to Sydney’s newest Bunnings Warehouse
Brilliant Cumberland Highway exposure to 77,000+ vehicles daily
To be auctioned separately

Featured Details

Current Tenant Tenanted
Gross Building Area 460 sqm
Land Size 2,118 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: NSW003327

Thank you for showing interest in us.

Contact Details

Office Details

Level 18, 15 Castlereagh Street, Sydney NSW 2000

T 02 9232 6288 E sydney@burgessrawson.com.au

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