Large 80 Seat Norwest Restaurant Hills District!
Annangrove, New South Wales 2156
SOLD
Key Features
AI generated. Contact seller to confirm.
- Very reasonable rent $1,480 pw plus GST
- Large 80-seat capacity, approx 110m2
- Holds a liquor licence
- Initial fit-out approx $200k, includes $60k exhaust
- Convenient parking and central business district location
- Strata restrictions limit further hospitality competition
- Turnover: Not disclosed
- Net Profit: Not disclosed
- Rent/Lease: Rent $1,480 pw plus GST; Lease 4-year term till Aug 2024
- Stock Value: Not disclosed
- Established: Long established (no year stated)
Business Details
Business Category Restaurant
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.
Enquirenow for a fullinformation pack including financials, lease, andequipment list. As demand for a foothold in this area is strong.
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 3003
- 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.
Enquirenow for a fullinformation pack including financials, lease, andequipment list. As demand for a foothold in this area is strong.
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 3003
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