Listing Date: 30.05.16

Commercial Investment with Fully Functional Licensed Restaurant/Bar

This property, which has been known as Campbell's Steak & Ale House, is presented with an extremely well setup fully licensed Restaurant/Bar - being a nautical boating theme providing a unique atmosphere and an indoor/outdoor flow to a deck and large paved yard area.

This facility has been a very popular restaurant/bar in the past and now this portion of the property is currently offered with vacant possession. The premises are also ideal for Family Celebrations, Private functions, Weddings and Corporate Occasions.

This is an opportunity for an entrepreneurial owner/operator to setup and establish their own brand or the purchaser may choose to on-sell a lease of the business. Alternatively the purchaser may re-establish the business and on-sell a lease.

The chattels, plant & equipment included in the sale are extensive and of significant value. The property has very good exposure with a wide road frontage. There is good vehicle access around the building and also some on-site car parking.

There is also a separate purpose built building offering passive income that is leased to a company specialising in commercial laundry. This also has good frontage onto another road at the rear (9-11 Owen Street) with easy access and parking.

Other potential uses for the vacant portion of the property include:
- Operate as Cafe (licensed)
- Child care centre
- club house, offices, etc.
- Retail sales with road frontage display yard
- Tourist Accommodation
- Backpackers Lodge

Brief Property Details:
- Large site - 1528m2
- Total Building area (558m2 more or less plus partial basement area)
- Restaurant - 438m2 (2 level solid timber structure building with partial basement)
- Laundry - 120m2 (single level purpose built building)

Zoning:
- Operative - General Activities
- Proposed - Commercial

Income:
- Restaurant (when leased was) $80,000pa net
- Laundry (current net rental) $16,200pa net (separate tenancy)
- Total potential net rental $96,200pa net