104 Percival Road Stanmore NSW 2048

Property Type: Retail,Hotel/Leisure,Offices

Nestled in the thriving village of Stanmore is this two storey freestanding shop top commercial offering over 120m2 of net lettable building area. on a 177m2 parcel of land with rear lane access to garage. The existing pizza shop has been an iconic landmark business in Stanmore for over 40 years with little to no local food competition. situated 200m to Stanmore railway station and city buses and 500m to Sydney university and RPA hospital. The current lease is set to expire in 2024 but the tenant has signed a letter of intent to enter into a new 5 x 5 year lease with significant income from the ground floor pizza business + separate renovated First floor apartment
$52,000 PA + GST (Pizza restaurant)
$31,200 PA (residence)
TOTAL: $83,000 PA
Annual rental increases @ 5%
Commercial tenant to pay percentage of outgoings being 50% Council rates + 50% water rates & usage.
Strong income stream from an established food business.
* Alternatively you can receive a generous income until the lease expires next year and operate your own restaurant business with existing fitout already in place. Ideal for small bar and entertainment type food venue.
*Information memorandum available on request*