Cygnet West are proud to offer for sale unit G8, Knutsford Street, Fremantle currently operating as Montreal Local. The ground floor has a brand-new high quality small bar and café fit out in addition to basement cool room, dry store and storeroom and all relevant food and liquor licences up to 100 persons. The ground floor is fitted out with a commercial kitchen and separate bar area with a six keg tap system. With all the hard work and approvals now in place the property is available below replacement with offers above $1m considered.
Unit G8, 76 Knutsford Street Fremantle is a well-located strata property on the ground floor of the highly popular Montreal Commons building, a recently finished premium apartment building. The building is on track to be carbon neutral in operation, and the tenancy features an easterly aspect taking advantage of the rising sun over the golf course to which the bar/café overlooks. The 23Ha Knutsford redevelopment precinct sits approximately 1.5km east from the centre of Fremantle and once completed will comprise approximately 1,000 new dwellings and more than 2,000 new residents.
The property comprises of 309sqm of strata and trading area comprising:
- Internal 72sqm
- Deck 82sqm
- Basement dry store, store room and cool room 28sqm
- Total strata 182sqm
Plus
- Alfresco 117sqm (with extended liquor trading license)
- Dedicated bin room of approximately 10sqm
The original developer and vendor also owns the operating business which is being run under management and now it's all up and running is looking to sell the property. The property is currently advertised for lease but the purchase of operating business and its equipment, FF&E, licenses and IP is currently available.
Would suit investors looking to secure a below replacement value asset in the blue-chip Fremantle locality or a hospitality owner/operator looking to secure another venue with everything in place to step in and continue trading.
For further information, or to arrange an inspection, please contact Henry, the exclusive selling agents for the property.
