Being offered for sale by vacant possession is this unique Tedder Avenue property.
Situated on the north-eastern corner of Tedder Avenue at Peak Avenue, Main Beach, this property has been fitted-out as a 2-level restaurant featuring 114m2 on the ground floor with alfresco sidewalk dining, and 114m2 on the upper level including an 18m2 balcony overlooking Tedder Avenue.
The kitchen is fully equipped and there is bar service on both the ground level and the upper level, with a stairway connecting the floors.
The construction is of high quality with concrete foundation, suspended concrete floor and textured masonry block and glass external walls. The property also provides male and female amenities. Included in the property are 5 basement car spaces. The property is the largest in a group of five, situated in the middle. This property is 450 meters (less than 10-mintue walk) from the Main Beach light rail station.
The current tenant was on a lease of 3 years with first year's gross lease of $140,000 which concludes at the end of September; they have decided not to exercise their option to continue.
This property is being offered for sale as vacant possession for $1,800,000.
