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 418 007
Dean Venturato 0412 840 222