This is a fantastic commercial property opportunity if you’re looking to invest in Byron Bay. Situated in the buzzing dining precinct of Bay Lane, the location is in a prime position to take full advantage of passing foot traffic.
Currently rented out to Supernatural Restaurant and Bar, this is a good-sized retail outlet boasting a generous 54m2 floor space. The property is approved for restaurant use, and the kitchen has been plumbed to a grease trap. So if the current lessees move out, it’s all ready for the next!
There’s an existing 5-year lease term in effect, which started back in June 2017. On top of that, the lease includes an option of two additional 5-year lease terms. The current rent sits at $77,395 plus GST, with the tenant paying all outgoings. Additionally, there’s an annual review locked in at 5%, so if you decide that this is the investment for you, you can look forward to an excellent rental yield over the coming years.
If you’d like to learn more about this fantastic investment opportunity, please get in touch with Ed on 0418 660 063.
* Disclaimer: All information contained herein is obtained from property owners or third-party sources which we believe are reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested person/s should rely on their own enquiries.
