9/96 Rosedale Road, Albany, North Shore

2021, get a 'fresh bite' of this prime investment

• Proximity to State Highway 1 interchange, walking distance to the surrounding residential and commercial precinct
• Established tenant with eight-year lease returning $85,000pa + GST
• Built-in rental review and bank guarantee

First time to market, this opportunity offers a restaurant investment property comprising of a retail area of approximately 158sqm as well as 42sqm balcony. In addition, the property also enjoys the exclusive use of a large 40sqm (approximately) covered patio. The lease is currently returning $85,000pa + GST and outgoings with a bank guarantee and a personal guarantee, as well as built-in market and CPI rent review. Astute investors must seize this opportunity.

Trading as Fresh Bite, the tenant has been in operation since the grand opening of the second stage of the Rosedale Retail Centre in 2016. As a popular food and beverage industry leader and influencer, the tenant is also claimed to be the first Steam Hot Pot seafood restaurant in Australasia.

Rosedale Retail Centre is one of the new major retail developments on the North Shore. Tenants in this vibrant center include two supermarket anchor tenants, together with a comprehensive range of restaurants, retail, and service providers