Ray White Commercial Sydney City Fringe is pleased to present 185 Glebe Point Rd, Glebe to the market for sale.

A rare opportunity to acquire a prominent freehold - three level terrace in the city fringe, which has been held tightly for 31 years, has now come to the market.

This property has an established long-term tenant who has successfully operated a Wine Bar / Restaurant business for 18+ years. In addition, the property is licensed for food and beverage between the hours of 5am - 2am Monday to Saturday and 10am - midnight Sunday.

This property holds a coveted setting right in the heart of Glebe Point Road near the St Johns Road intersection, commanding an excellent street presence. This highly sought-after city fringe location offers easy access to Broadway Sydney Shopping Centre, Local Universities and Sydney CBD.

Key Highlights Include:

• Freehold - Three Level Terrace
• Net Passing Income $154,891.14 per annum**
• In addition, the Tenant pays 100% of the Water, Trade Waste, Insurance and Fire Service.
• Whole building is currently leased to proven Wine Bar / Restaurant operator trading as Different Drummer.
• The Tenant has successfully operated a Wine Bar / Restaurant business for 18+ years
• The ground floor has a fully functioning bar, 2 dining areas, store room, outdoor area, grease trap and separate male and female bathrooms.
• The first floor has a commercial kitchen with cold storage, coffee bar and 2 dining areas.
• The second floor has a dining area with terrace, office, dedicated bathroom and a store room formerly used as a shower/bathroom.
• Current gross building area of 289 sqm* with side lane street access to St. Johns Road.

Virtual 3D Tour https://openhouse.littlehinges.com.au/v2/186_Glebe_Point_Road_GLEBE_NSW_2037

To discuss the property in further detail, please contact the listed agents below:

Kristian Morris
Principal & Licensee In Charge
Ray White Commercial Sydney City Fringe
0411 415 2...
kristian.morris@raywhite.com

Note: All financial figures have been provided by the Vendor. Purchasers are advised to conduct their own independent due diligence.

*approx.
**final Net Passing Income will depend on individual tax status