Investors take note as of February 2015 a brand new 5 + 5 year lease has been executed to an experienced restaurant operator situated in the transforming Cremorne village. The restaurant features an exceptional fit out with polished wooden floorboards, an efficient open kitchen, a private function area and exclusive access to an enclosed courtyard which is utilised as a bar.

A change in market dynamics has recently spurred developers into action with a number of newly completed and earmarked residential and mixed use projects within close proximity to the subject property. This increase in population density is likely to flow through to create greater retail demand ensuring that the property is well positioned for capital growth. The property benefits from great exposure to Military Road and is located within close proximity to McDonalds and other high profile food operators such as Sushi Train Neutral Bay, Red Zucchini, Frateli’s Wood Fire Pizza and Radio Cairo.

Features Include:
• New 5 + 5 year lease to experienced operator
• Modern restaurant with great exposure
• Exceptional Full Fit Out with polished wooden flooring, a stylish open kitchen, an undercover courtyard used as a bar, a private function area and a storeroom
• New and earmarked developments in the immediate area is likely to increase the population and need for retail amenity in this already affluent neighbourhood
• Shops 1 & 3 contain 2 out of 3 parts of the entire strata plan
• Gross Rent: $104,802.24 + GST
• Outgoings: $22,798.00 + GST
• Net Rent: $82,004.24 + GST

Chesterton is pleased to offer Shops 1 & 3 / 318 Military Road, Cremorne for sale via Auction commencing from 10:30am on Tuesday 7th July 2015.