Business Sold Newtown, New South Wales 2042
Business Category Restaurant
SOLD
Description
Restaurant And Café Business For Sale In Newtown Reduced Price
This Asian restaurant, located on King Street, Newtown, Sydney, offers a unique opportunity for entrepreneurs or investors to step into an already established business in one of the city's busiest areas.
Key Features:
• Location : King Street, Newtown, a high-traffic, trendy area of Sydney.
• Cuisine: Currently serves Asian cuisine, but the space can be adapted for other styles.
• Size & Seating: 245 square meters, with a total of 85 seats, including 60 indoor seats and 25 outdoor seats.
• Rental cost: $4500 per week, in addition to GST.
• Operating Hours: 11 a.m.10 pm, with the potential to extend hours to include breakfast service.
• Facilities : Fully equipped commercial kitchen and large storage room
• Fitout: Recently renovated, giving the restaurant a fresh, modern look.
• Lease: The current lease expires Feb 2030, with a five-plus-five-year renewal option and CPI-based rent increases.
• Liquor License : Includes a liquor license, Separate Bar
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