10 year lease to 2024 plus options to 2034.
Fratelli Fresh – 8 outlets and now growing nationwide.
Subsidiary of well capitalised Urban Purveyor Group (47 restaurants incl Rockpool and Sake).
Prestige location opposite NSW Parliament close to Reserve Bank, Law Courts, Sydney Hospital, NSW State Library and many other professional organisations.
Over 40,000 sqm of new office space under construction within 120 metres.
Limited local competition, tightly held low vacancy area.
High pedestrian traffic close to Martin Place station.
Significant tenant fit-out, long term history as a restaurant, 436 sqm property DA approved for 200 diners.
Strong growth prospects through the City of Sydney Macquarie Street East Precinct plan to create a 7 day per week arts, culture and dining hot spot.
Annual CPI rent reviews, next increase in July 2017.
Net Income: $365,000 pa + GST.