Savills News

Hole in the Wall – Investors see pot of gold in Sydney coffee shop

A high profile and high traffic retail shop just 100 metres* to Martin Place train station is on the market.

A high profile and high traffic retail shop just 100 metres* to Martin Place train station and in immediate proximity to the Law and District Courts is on the market, with various high profile politicians and barristers said to visit the café daily. A few well known profiles have included Kim Beazley, Nick Whitlam and David Farrel.

Located at 229 Macquarie Street, the Hole in the Wall café has been owned by the same family for two generations, who is respected and well known within the community. They have already been a long-standing tenant, with another 11 years remaining on the current lease.

The 44sq m* property comprises a 5sq m* shop front and 38sq m* fully fitted out commercial kitchen on the fifth floor and an income of circa $60,000* net. The property is exclusively for sale through Nick Lower, Selin Ince and Tom Tuxworth of Savills Australia

According to Selin Ince, Sales Executive of Metropolitan & Regional Sales at Savills Australia, “This is a prime opportunity for an investor to obtain a passive investment in a tightening market.

“Large institutions are buying up strata titled buildings in the CBD and when this happens to 229 Macquarie, the return on investment will be huge,” she said.

Nick Lower, Director of Metropolitan & Regional Sales at Savills Australia said “229 Macquarie Street, although quite literally a ‘hole in the wall’, is exposed to all the pedestrian flow from CBD commuters as well as those utilising the Law Courts of NSW.”

Learn more about Savills Metropolitan & Regional Sales.

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