Large 80 Seat Norwest Restaurant Hills District!

Business Sold Annangrove, New South Wales 2156

Business Category Restaurant

SOLD

Description

Large 80 Seat Norwest Restaurant Hills District!

Key Investment Highlights

- Very reasonable rent at $1,480 pw plus GST. Other smaller restaurants in the precinct are paying approx. $2,500 pw that is a 50k pa saving on fixed costs right there!

- 4 year lease till Aug 2024

- Large 80 seat capacity. Approx. 110m2 making it still viable during Covid social distancing restrictions

- Initial fit out cost approx. $200k, and includes a $60k secondary filter exhaust.

- Holds a liquor licence

- Set to benefit from nearby future scheduled development

- There is strata restrictions on future hospitality businesses in precinct

This large, long established restaurant is well placed to service the busy workers of the Norwest business district during lunch hours and with its convenient parking and liquor licence attracts the growing residential population of Bella Vista for dinner.

Located between Bella Vista and Norwest train stations both of which only opened in May 2019, this is an area predicted to develop even further in coming years and yet additional competition is now restricted as the precinct's strata has recently put a limit on any further hospitality businesses

The restaurant runs profitably as is, but with its open layout, high ceilings and stylised fittings it also presents as blank slate opportunity for an owner who wants to make it any style of restaurant they like. Save yourself the fit out costs and wait for DA approval in setting up a new site.

Enquire now for a full information pack including financials, lease, and equipment list. As demand for a foothold in this area is strong.

To complete an online confidentiality agreement, visit this business and enquire now at: XXXXXXXXXX ​

Listing ID: NSW09385

Broker: Gareth Wolrige
Phone: + XXXXXXXXXX 9​
Mobile: XXXXXXXXXX
Email:  XXXXXXXXXX

Broker: Kelvin Barrie
Phone: + XXXXXXXXXX 9​
Mobile: XXXXXXXXXX
Email:  XXXXXXXXXX

THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF

Keywords: Hospitality, Restaurant, Thai, Bella Vista, Food, Beverage, Asian Cuisine 
Ref: NSW09385
Timestamp: XXXXXXXXXX 0052
Contact Seller
Gareth Wolrige

Bsale ID: 565102
Broker REF: NSW09385

Link Sydney