51 The Esplanade,
Mosman, NSW 2088
Shops & Retail
Price information
Sold
$5,700,000
Key property information
Land area
Floor area
Tenure type
Sold on
Map of 51 The Esplanade
Rare Beachfront Investment with Development Upside.
Corner beachfront freehold building located in the absolute heart of Balmoral.
Bustling two level beachside café/restaurant & alfresco seating plus level one function room & courtyard.
Secure five (5) year lease to successful café/restaurant from July 2011 plus options till 2026.
Unrivalled exposure to passing trade in world famous iconic location and adjacent Bathers Pavilion.
Tightly held precinct with very few competing retail properties ensuring high tenant demand & capital growth.
DA approved plans for expansion of building - Also possible part conversion to residential (STCA).
Long term history of 100% occupancy (current use since 1972).
Annual 3% rent increases.
Net Income: $320,500 pa + GST.
Kieran Bourke 0417 418 0...
Dean Venturato 0412 840 2...
Bustling two level beachside café/restaurant & alfresco seating plus level one function room & courtyard.
Secure five (5) year lease to successful café/restaurant from July 2011 plus options till 2026.
Unrivalled exposure to passing trade in world famous iconic location and adjacent Bathers Pavilion.
Tightly held precinct with very few competing retail properties ensuring high tenant demand & capital growth.
DA approved plans for expansion of building - Also possible part conversion to residential (STCA).
Long term history of 100% occupancy (current use since 1972).
Annual 3% rent increases.
Net Income: $320,500 pa + GST.
Kieran Bourke 0417 418 0...
Dean Venturato 0412 840 2...
Property ID: 501365091Last Updated: 10 Mar 2015
51 The Esplanade
Mosman, NSW 2088
Burgess Rawson - SydneyLevel 11.02, 9 Castlereagh Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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