Shop, 1/118 Alfred Street,
Milsons Point, NSW 2061

Fitted out with high quality restaurant finishes, approved plans for additional outdoor seating, ambient screening and awning alterations, Shop 1.118 Alfred Street is a well presented, ideally located, long term invest opportunity. The property is placed across 173sqm of strata title area, inclusive of outdoor balcony space, within a mixed use residential development completed in June 2009.

Investment features:

- AREA: 173sqm

- TENANT: Em Nabil’s Lebanese Kitchen

- TERM: 5 years + 5 year option (commencing 01.11.15)

- SECURITY: 3 months cash bond & personal guarantees

- INCOME: $93,000 + GST p.a.

- OUTGOINGS: 100% Payable by tenant including land tax

- UPSIDE: 4% initial annual increases and 5% annual increases during option period

Situated on the corner of Alfred & Lavender Street in Milsons Point, almost directly opposite the entrance to Milsons Point Station, Shop 1.118 Alfred Street takes advantage of passing traffic whilst housing an authentic Lebanese restaurant on a long term lease. Generating 80% of its income from its accompanying catering business and commonly busy during night time trade and weekends, Em Nabil’s has been noted as a locals favourite as seen by the tenant’s reviews online.