Newcastle

For sale

$108,000 + SAV

BUSINESS FOR SALE - LICENSED VENUE RESTAURANT/CAFE

ENDLESS POSSIBILITIES…..

Boasting a main street location and perfectly positioned just minutes from the Newcastle CBD, Newcastle harbour/foreshore and Newcastle’s beaches this venue is surrounded by other successful cafes, restaurants, retail stores and offices. With great exposure and street window frontage this business ticks all of the boxes.

Includes an on-premise restaurant/cafe liquor license and has seating for up to 140 patrons.

Other features include:

*Long lease in place (5 years with another 2 × 5 options)

*Multiple dining areas (including indoor and outdoor dining)

*Excellent and spacious commercial kitchen

*Fully air conditioned

*Well-designed fit-out

*Designated area that is an ideal function space which can accommodate up to 100 guests (great for an additional income stream)

Fantastic lifestyle business or investment opportunity for an individual or group looking to get into the industry or expand their current restaurant portfolio.

Also ideal for anyone looking for a licensed venue in a sought-after location (would suit other food uses or cuisines).

An amazing opportunity at a bargain price.

To obtain more information you will need to complete a Confidentiality Agreement and contact the Listing Agent Brad Wallace.

TenantedNo

Property Info:

  • Property ID: L727322
  • Property Type: Retail - Food

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R&H Suburb Profile: Newcastle

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R&H Suburb Summary Houses
Number of sales 4
Average Price $1,241,375
Median Price $1,300,000
Median Rental Price $348 p.w.
Change in Rental Rate (5yr) -21 %
R&H Suburb Summary Units
Number of sales 106
Average Price $730,239
Median Price $675,000
Median Rental Price $510 p.w.
Change in Rental Rate (5yr) 4 %
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