A Bowral property, that has been home to an award-winning Highlands restaurant, is up for grabs.
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And the good news for investors is that the mutli-time, two-hatted restaurant is secured as a tennant until December 2020 with further options until 2030.
The property expands across 6042sqm and has been tennanted with the fine dining restaurant, Biota, and boutique accommodation comprising 12 queen rooms since 2010/11. The tenant undertook a refurbishment in early 2019 launching Bertha's Meats bar and grill which is a casual alternative to Biota's fine dining.
Other features of the property include an alfresco courtyard, manicured landscaping and large on-site parking.
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According to Burgess Rawson selling agent Simon Staddon, it is extremely rare to offer such a quality investment opportunity with, future development upside, situated in the "booming Southern Highlands region."
"This asset is ideally located adjacent to Bowral CBD in close vicinity to numerous upmarket retail outlets, boutiques, major banks, cafes, restaurants and supermarkets," he said.
"There is virtually zero retail vacancy rate currently along the main Bong Bong Street precinct which is extraordinary and testament to strength of the town.
"Bowral is home to many affluent residents, as well as being a popular destination for 'day trip' visitors and Sydneysider holiday homes.
"The substantial site has major future upside and represents one of the best medium density residential development sites remaining in the Southern Highlands close to the CBD, with the possibility for up to 36 dwellings subject to council approval."
The Kangaloon Road property will go to auction from 11:00am on Tuesday, August 6, 2019 at Sydney's Doltone House in Hyde Park.
Details: Simon Staddon on 0413 640 851 or via email sstaddon@burgessrawson.com.au