New Venue Opportunity - Dulwich Hill
Stock Included: —
Stock Value: —
Years Est: New Opportunity
Gross Revenue: —
Brand new, 400 square metre, DA Approved 160 patron café/restaurant/convenience venue in the heart of the emerging Dulwich Hill high density residential precinct positioned on the
platform for the “Arlington” Light Rail Station.
The property is located only minutes from the Sydney CBD with the modern, quiet Light Rail arriving every 5-15 minutes from 6am to midnight daily and the commute into Pyrmont Bay/Sydney CBD takes only 20-25 minutes.
Forming part of “Arlington Grove”, completed by well regarded developer Galileo Group, the residents of this 246 unit, multi-building complex will surely be taking advantage of this café/restaurant/convenience venue on a daily basis.
However, the occupant of this rare opportunity is well placed to take advantage of other high density developments under construction and planned for adjoining and nearby properties as well as the substantial existing residential catchment which is currently under supplied with quality food and beverage venues.
Hundreds of apartments are planned to come online in Dulwich Hill in the next 1-2 years, most of which are focussed around the Light Rail stations in close proximity
of this property.
This rare opportunity will be leased now under favourable terms in anticipation of tenant fitout and lease commencement in June 2018.
Positioned 250 metres from New Canterbury Road and its associated “strip retail precinct” currently undergoing a rapid gentrification, this tenancy will benefit from significant commuter pedestrian traffic funnelling in from surrounding streets to the café and light rail platform adjacent to the outdoor dining area.
The area has a desirable young professional/young family demographic looking for a quality local venue within walking distance in a safe, appealing, child and pet friendly location.
$50,000 Landlord fit out contribution toward the fit out of the venue, noting that expensive items including toilets, grease trap, exhaust and air-conditioning location provisions have already been purchased by the Landlord from the developer for the
Tenant (for clarity, the $50,000 is in addition to these items already being provided).
New 7 x 7 (longer lease also available if required) - 4 month rent free period
DA allows 6 AM to 9:30 PM Monday to Thursday • 6 AM to 11 PM Friday and Saturday • 7 AM to 9:30 PM on Sunday
Size of Premises
400 Square Metres
DA for 160