98 Auburn Street

$898,000 GST Free Going Concern

Property Features

Property ID: 3267775

Building Size
320 m2
Land Size
506.00 m2

Reverse Cycle AirCon
Secure Parking

Commercial Investment with New 5 + 5 lease

CBD main street location for this circa 1920's building which in recent years has been fully renovated, modernised and extended as a Restaurant/cafe, seating approximately 100 but licensed for 150. Full liquor licence from 10 am until midnight, 10 am to 10 pm on Sundays.

Recently leased on a 5 + 5 term and operating as Sumran Thai Restaurant.

Fit out includes modern kitchen and bar, cool room, well appointed bathrooms, spacious dining rooms and an alfresco patio open to the rear yard. The interior features extensive use of recycled timber with beautiful natural timber finishes. Upstairs there is a two bedroom flat with kitchen and bathroom, providing comfortable accommodation for the lessees.

Rent - $41,600.00 pa + GST with annual increases of 3.5%
Lessee pays all outgoings; including Council rates, water rates, building insurance and lessees public liability insurance.

Covid-19 Safety practices apply at all inspections.

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