Burleigh Heads is one of the most sought-after suburbs on the Gold Coast, and there are not many opportunities better than this, so do not miss out.
Here are some key points to consider:
1. Location: Burleigh Heads is known for its vibrant dining scene and attracts both locals and tourists. Being positioned next to other complementary hospitality tenants will drive additional foot traffic and enhance the overall dining experience for your customers.
2. Fully Fitted-Out: The fact that the restaurant is already fully fitted out with amenities such as a bar with 8 beer taps, a full kitchen, private function area, open plan dining room, and a keg room is a significant advantage.
3. Owner’s Strategy: The decision to sell the restaurant is driven by the owners’ long-term business strategy. This present an opportunity for a new owner to take over and potentially bring fresh ideas and energy to the establishment.
4. Operational History: While the restaurant has only been operating as a tapas bar three nights a week and not at full capacity, it represent a blank canvas for the new owner to shape the business according to their vision. There is potential to expand operating hours, the menu offerings and supply food to the commercial area.
5. Construction Costs: The current market conditions with high construction costs make this opportunity even more attractive. Purchasing a fully functional restaurant at half the cost of construction, will provide significant cost savings and potentially faster returns on investment.
6. Rent: The rent is quite simply cheap and with a further 1 year on the existing lease term and with a further 4-year option, will allow the new owner to cash in on such a great lease.
Lease Details
The lease expiry is 28th February 2025 with a 4 year option. – 4%. Rent increases – Deposit is $10,164 plus gst and the rent is $45,000 approx –
Premises Details
Approx. 164 square metres. – Full commercial kitchen,8 beer Taps Bar and keg Room
Opportunity
Use the existing fit out to introduce a new concept to both locals and tourists, provide food to the commercial business located in the same precinct.
There are limited spaces in Burleigh Heads available, the restaurant is setup for you to capitalise on, and is far cheaper than construction, don’t miss out.
**Weekly**
Rent $45,000 approx – per Anum
