Point Lookout Town Centre Zoning:

With 2 new owners recently purchasing shops 2 and 3, the rejuvenation of the Point lookout Shopping Centre complex is underway and now the opportunity to own the premium freehold commercial space has presented itself.

Currently unoccupied, the former LOOK Cafe represents a fantastic opportunity to build a new business on Straddie. With a lockable 70sqm internally, and a further approx 70sqm with seating and a bar area, the space has an undercover but alfesco feel, ocean views and an ideal location at the tourist end of town. Many would suggest that the island needs a high quality eatery. Here's the perfect spot!

Seperating the kitchen and the bar have made a very useable and flexible space with up to 70 seats and 20 more standing or waiting at the bar for a table. Treated as a blank canvas, a creative refurb/renovation could create a unique space in a much sought after location.

For an investor, the cafe was last leased in 2019 at 7% net ROI based on the current asking price including all outgoings paid by the tenant.

Currently being completed, the new Point Lookout suspended walkway above Frenchman's Beach will be a virtual conveyor bringing diners right to the door!

Call me for an inspection and more details.