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Sandy Point
Road
salamander bay
NSW,
2317
For Sale $1,500,000
Property: 1224 sqm
Restaurant, Bars and Function Centre Investment Opportunity
This exceptional retail property presents a fantastic investment opportunity for those seeking a prime location and a spacious building area. Discover a versatile commercial space boasting a restaurant, bars, and function centre, all within an expansive floor space of approximately 1,224sqm.
This well-equipped commercial kitchen thoroughly designed restaurant fit-out, and prime location with the Oaks Pacific Blue Resort offers the flexibility to operate a dynamic hospitality establishment. You can maximize patronage from the resort's established accommodations and the general public, creating a multi-faceted hospitality experience.
Strategically positioned in Salamander Bay and the Greater Port Stephens area, this property benefits from the resort's prime location and proximity to the only major retail centre in the Tomaree/Nelson Bay Peninsula - The Salamander Bay Shopping Centre.
Key Features include :
• Bar & Cafe
• Comfortable restaurant overlooking 485m pool
• Two Function rooms
• Gross rent; $150,000.00 plus gst
• Lease term is 5 years
• Commencement date 1st October 2020
• Terminating date 30th September 2025
• Option to review 2 x 5 years
• Complete fit out included
Contact Alex Haxton today, on 0418 885 262 to arrange a private inspection or to receive the full information memorandum, a copy of the lease agreement & the contract for sale.
***Health & Safety Measures are in place for all Private Inspections and open homes (when permitted)
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About salamander bay
median house price
1010000suburb growth
15.2%median house rent
650suburb rental yield
3.3%Similar Properties
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.
