Comelli Commercial present:
Strata premises with incredible exposure. Floor to ceiling glass windows and doors on both Corrimal and Market Street frontages, opens to undercover alfresco area. An existing liquor licence is in place.
The property is surrounded by many mixed use developments incorporating restaurants, medical, retail and consulting operations and hundreds of residential units. It is on the busiest restaurant strip and offers the prospective tenant unprecedented exposure.
There is an opportunity to increase return by dividing the property into multiple tenancies.
The property is 300 meters to City Beach, 5 minute walk to the Wollongong Entertainment Centre, Wollongong Performing Arts Centre, St George Illawarra Dragons Football Stadium, and the newly renovated Wollongong Central Shopping Centre.
The balcony can accommodate 120 and the indoor capacity of the restaurant is in excess of 140.
The balcony surrounding the restaurant is registered for their exclusive use.
Registered on title is underground parking for nine cars.
The premises are offered as vacant posession.
The potential annual rent is $165,000 plus GST plus outgoings.