Unique one off opportunity. This corner shop occupies the sunny North West corner of the soon to be completed Erko residential development.
This is a fantastic opportunity for an investor to purchase this prime retail shop, approx. 89 sqm internally and an entertaining covered outdoor terrace area of approx.19 sqm. With a secure car space on title plus the benefits from exclusive use rights to approximately 44 sqm of paved common property that surrounds the space. The retail shop has concrete floors with approx. 6 metre high ceilings, gas, an exhaust ventilation system and grease trap. The lease commenced on 21 January 2015.
The investment is underpinned by a 10 year lease ending in 2025 (plus 5 year option) to Foodcraft Espresso & Bakery due to commence operation in June 2015.The people behind Foodcraft have a recognised track record in establishing and running Sydney cafes. Foodcraft have prepared and submitted a DA for the use and fit-out of the premises which has been approved by the City of Sydney Council.