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Stunning Northern Suburbs Tavern

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Location:Western Australia

Category:Pubs, Bar and Gaming, Restaurant

Asking Price:Undisclosed

2850000

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Stunning Northern Suburbs Tavern
  • Stunning Northern Suburbs Tavern
  • Stunning Northern Suburbs Tavern
  • Stunning Northern Suburbs Tavern
  • Stunning Northern Suburbs Tavern
  • Stunning Northern Suburbs Tavern

Business description

Fantastic opportunity is available to own or lease this stunning as new contemporary tavern located in a busy shopping centre in Perths Northern suburbs

Overview

Property Features:

  • Prime position on a large corner site in the expanding northern corridor
  • Strata site in large busy shopping centre with abundant parking
  • Total site area of 3,144sqm with further development potential
  • Tavern licence for 399 persons
  • Strong cash flow and consistent profitable trading history
  • Easily managed bar and bistro venue ( no bottle shop)
  • Council approved plans to add a coffee drive – through outlet in the rear carpark generating additional income stream or leasing opportunity

A modern tavern including;

  • Large 159 sqm restaurant
  • 174 sqm upper lounger bar
  • 48 sqm lower lounge bar
  • Sports bar
  • Rear courtyard and impressive contemporary alfresco area .

Purchasing Options Available

The Seller is prepared to offer either :

1. A NEW SECURE LEASE OF THE BUSINESS [the preferred option] on the following basis :

  • Initial Term:10 years
  • Options: 3 x 5 year options (total Lease 25 years)
  • Rent Reviews : Annual to CPI plus 1 % and market every 5 years
  • Asking price: $2,850,000 plus trading stock , OR

2. FREEHOLD WITH LEASE BACK TO CURRENT OPERATOR on the following basis :

  • Initial Term:10 years
  • Options: 3 x 5 year options (total lease 25 years)
  • Rent : Negotiable

Other Information

  • Lease Terms: Upon Application
Ascend Corporate
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