Lease New Venue Opportunity - Dulwich Hill
Commercial Property for Lease in Dulwich Hill, NSW, Australia
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| Title: | New Venue Opportunity - Dulwich Hill | |||||
| ID Number: | 12668 | |||||
| State: | New South Wales (NSW) | |||||
| City/Town/Suburb: | DULWICH HILL NEW SOUTH WALES 2203 | |||||
| Listing Type: | Commercial Property | |||||
| Categories: | ||||||
| Description: | Brand new, 400 square metre, DA Approved 160 patron café/restaurant/convenience venue in the heart of the emerging Dulwich Hill residential precinct positioned on the platform for the “Arlington” Light Rail Station. The property is located only minutes from the Sydney CBD, commute into Pyrmont Bay/Sydney CBD takes only 20-25 minutes. Forming part of “Arlington Grove”, completed by well regarded developer Galileo Group, the residents of this 246 unit, multi-building complex will be taking advantage of this café/restaurant/convenience venue on a daily basis. The occupant of this rare opportunity is well placed to take advantage of other high density developments under construction and planned for adjoining and nearby properties as well as the existing residential catchment which is currently under supplied with quality food and beverage venues. Hundreds of apartments are planned to come online in Dulwich Hill in the next 1-2 years, most of which are focused around the Light Rail stations in close proximity of this property. Tenant fitout and lease commencement in June 2018. Positioned 250 metres from New Canterbury Road and the “strip retail precinct” currently undergoing a rapid gentrification, this tenancy will benefit from significant commuter pedestrian traffic funneling in from surrounding streets to the café and light rail platform adjacent to the outdoor dining area. The area has a desirable young professional/young family demographic looking for a quality local venue within walking distance in a safe, appealing, child and pet friendly location. Full Development Approval has recently been obtained from Inner West Council adding high number patron capacity, extended trading hours and external awning approval for all weather outdoor dining so that this large venue can service the high demand from the large surrounding residential catchment, light rail commuters and people visiting the adjoining Close proximity to Arlington Oval, home of the Dulwich Hill Football Club with the senior teams playing in the Football NSW National Premier League. This attracts spectators and crowds throughout Saturday every week from March to September. Johnson Park features playing fields, large children’s playground, basketball courts and amenities etc and is very popular with families. A substantial cycle path to the Sydney CBD is also incorporated into the rail corridor at Johnson Park. Both Arlington Oval and Johnson Park are easily and safely accessible via the light rail platform, pedestrian crossing across the tracks and dedicated footpaths. Features • FULLY APPROVED brand new café/restaurant/convenience venue for 160 patrons • Large “all day trader” tenancy offering scale for increased profitability • Position at entry to two modern complexes totalling over of 260 apartments • Adjacent to Light Rail station platform and local playing fields/recreational areas • Limited competition now and in the future with quickly growing catchment • Over 400 square metres of tenancy area including over 150 square metres of oversize, valuable, well designed, family friendly, “wrap around” outdoor area • Liquor licence will be provided • Approximately 126 square metres ground floor internal • Approximately 120 square metres basement level internal • Approximately 158 square metres exclusive use outdoor dining area • Configured so fitout will be inexpensive despite the size and 160 patron capacity • One security basement car space • High ceilings and efficient floor plate complimenting “wrap around” outdoor area allowing for flexibility in design and excellent natural light • More than ample, good quality separate male, female and disabled toilets as per floor plans already installed • High capacity 1,000 Litre grease trap already installed • High capacity kitchen exhaust riser included (300mm x 1,000mm) • Drainage provided underneath the floor slab (awaiting only tenant core drilling in their desired locations for easy connection) • Location provisions for air-conditioning and any cooling requirements for cold storage in lower ground level adjacent to tenancy for cheap install • All services available for connection with minimum 3 phase 80AMP power supply • Signage provisions included • Dedicated secure bin store incorporated into tenancy as per plans • Rent $2,500 per week plus GST plus outgoings (estimated at $7,000 per annum) • 7 + 7 year net lease (longer term leases considered) • $50,000 Landlord fitout contribution toward the fitout of the venue, noting that expensive items including toilets, grease trap, exhaust and air-conditioning location provisions have already been purchased by the Landlord from the developer for the Tenant (for clarity, the $50,000 is in addition to these items already being provided). • 4 month rent free period (no rent for 2 months half rent for 4 months) • Fixed annual 4% rent reviews |
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| Price: | Upon application | |||||
| Stock Value: | Upon application | |||||
| Net Profit: | Upon application | |||||
| Turnover: | Upon application | |||||
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