Laing and Simmons Commercial are pleased to offer for sale By Expression of interest this is unique opportunity to own a property underpinned by an exceptional lease to an international
tenant, backed by global private equity firm, TPG Capital.
Located under the Coca Cola sign and benefits from three street frontages, a nightclub and liquor licence and is situated within the heart of Potts Point, one of the most prominent city fringe suburbs due to its rich history and ever-evolving mix of commercial, retail, and residential amenity.
Located only 1km from the CBD, this location underpins the strength of the opportunity as a truly premier CBD fringe asset, just 40 metres from Kings Cross station, providing direct access to Martin Place Station, which is home to the new Sydney Metro Station which is earmarked for completion in 2024.
Darlinghurst Road also has a number of bus routes that travel through the area, ensuring the accessibility of the precinct from all major metropolitan areas, as well as being surrounded by a number of anchor businesses such as Coles Supermarket sits underneath the property, Woolworths, fine dining restaurants and a number of well-established businesses.
Key investment highlights:
• Building area: 616 Sqm (approx.)
• Current rent: $600,578 (As at 1st June 2024)
• Lease term: 8 + 5 + 5 years
• Attractive annual reviews
• Liquor License
• Zone B2 Local Centre
• Recently underwent major refurbishment
• Leased to Holey Moley is a national mini golf and bar establishment owned and operated by Funlab.
Funlab is Australia's premier creator of completive socialising experiences. Funlab exists across eight brands, in over 40 locations across Australia and New Zeland. Brands include Archie Brothers Cirque Electriq, B. Lucky and Sons, Holey Moley, Jukes Karaoke, La Di Darts, Red Heering Escape rooms, Strike Bowling and Hijinx Hotel.
FOR SALE BY EXPRESSION OF INTEREST CLOSING WEDNESDAY 27TH MARCH AT 5 P.M.
