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Felice Cotroneo

Premium inner-urban investment strategy

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1/28 Kings Lane, Darlinghurst

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Profile

Currently operating as a successful restaurant/café, this smartly appointed commercial space represents a prime investment opportunity with a quality A-grade tenant in place and excellent annual returns. Set within the popular Republic 1 development, the 65sqm property is presented in immaculate condition with direct frontage onto Kings Lane with strong passing trade and an exceptional location offering ease of access for customers and close proximity to Darlinghurst cafes, public transport and Oxford Street's amenities.

-Occupied by the award-winning Joe's Table Thai restaurant
-Currently earning $43,500 plus outgoings per annum
-Fully fitted throughout with high-end industrial equipment
-Fresh and bright design with open plan dining and seating area
-Exclusive-use courtyard and outdoor dining space at the rear
-Commercial grade kitchen with quality fittings and grease trap
-Dining patio at the front plus an internal customer bathroom
-A great investment opportunity with immediate and consistent returns

OUTGOINGS
Strata: $1,742.84 per quarter
Water: $650.56 per annum
Council: $770.95 per annum

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