Lot 50 & 54, 2 Phillip Street,
Sydney, NSW 2000

Located in the Circular Quay precinct, one of Australia's premier harbour-side tourist destinations, this property is only moments to Sydney's Opera House, The Rocks and all amenities. The offering is within the renowned Quay building which features a stunning 315sqm* restaurant/bar fit-out, leased to Cafe Nice by Fratelli Fresh. Fratelli Fresh is both popular and well known amongst Sydneysider's for their fresh produce and innovative cooking. Having been in the hospitality business for over 20 years Fratelli Fresh has built a strong portfolio of food establishments, namely Cafe Sopra, and as such is both a sought after and secure tenant. The building boasts Sydney Harbour and Harbour Bridge views and includes parking. The property is offered with 7 years remaining on the initial lease term plus two 5 year options. The property is currently producing a net income of approximately $315,000 per annum*. This is a rare opportunity to acquire a tightly held harbour-side property with the security of one of Sydney's best hospitality tenants.

- Iconic Sydney harbour location
- Leased to established Cafe Nice by Fratelli Fresh
- 10+5+5 years + annual increases (lease commenced 12.10.2012)
- Net income $315,000 per annum*
- 315sqm* + car space
- Valuable liquor license
- Stunning fit-out with Sydney Harbour views

*Approx

AUCTION VENUE: 25th June 2015, 10:30am, SMH Auction Centre, Mezzanine Level, 50 Margaret Street, Sydney.