$ 308,885.42
2 Anderson Place, Cottage Point NSW
ottage Point Inn Restaurant & Apartments - Freehold For SaleSet in a location without comparison, is this famous waterfront restaurant/landmark - an institution amongst knowledgeable diners across Sydney and the world for over 30 years. This is an exceptional opportunity for an investor or entrepreneur to purchase one of the Hawkesbury's most exciting waterfront estates in a key location only 50 minutes from the CBD.
The Cottage Point Inn Restaurant, set on the water at the junction of Cowan Waters and Coal & Candle Creek, was originally the Cottage Point boatshed and general store. The building was converted to a restaurant in the 1970s and has been operating since. Set directly behind the restaurant are two separate, fully self-contained apartments or cottages, which are included in the restaurant lease. Features include:
- 5+5 year lease signed in 2012 by the tenant for restaurant and apartments
- Income of $308,885.42 per annum (inclusive of GST)
- Rent is indexed at CPI annually
- Tenant pays 100% of outgoings (as defined in the lease agreement)
- Tenant has over 30 years history of ownership and management of the restaurant and apartments
- Improvements on the title include the Cottage Point Inn Restaurant building with substantial waterfront terraces, commercial kitchen, inside dining, air conditioning & his and her's bathroom
- Substantial and wide waterfrontage
- Floating deepwater pontoon for seaplanes and large boats
- Office or flat above the restaurant with two rooms and bathroom
- Two apartments set behind the restaurant - Both apartments have wide 180 degree views of magnificent Cowan Waters and Ku-ring-gai Chase National Park
- Cottage one "Cowan Waters Apartment" is a self-contained apartment with full kitchen facilities, large dining and lounge area, private balcony, separate double bedroom, spa bath and reverse cycle air-conditioning
- Cottage two "Riverview Suite" is equipped with breakfast bar, private balcony, lounge area, well-appointed bathroom & reverse cycle air-conditioning
- License agreement (sub leased to the restaurant tenant) with National Parks and Wildlife services for the use of the land that sits over the high water mark
- Access to the restaurant is by road, boat, ferry or seaplane
The Cottage Point Inn Restaurant, set on the water at the junction of Cowan Waters and Coal & Candle Creek, was originally the Cottage Point boatshed and general store. The building was converted to a restaurant in the 1970s and has been operating since. Set directly behind the restaurant are two separate, fully self-contained apartments or cottages, which are included in the restaurant lease. Features include:
- 5+5 year lease signed in 2012 by the tenant for restaurant and apartments
- Income of $308,885.42 per annum (inclusive of GST)
- Rent is indexed at CPI annually
- Tenant pays 100% of outgoings (as defined in the lease agreement)
- Tenant has over 30 years history of ownership and management of the restaurant and apartments
- Improvements on the title include the Cottage Point Inn Restaurant building with substantial waterfront terraces, commercial kitchen, inside dining, air conditioning & his and her's bathroom
- Substantial and wide waterfrontage
- Floating deepwater pontoon for seaplanes and large boats
- Office or flat above the restaurant with two rooms and bathroom
- Two apartments set behind the restaurant - Both apartments have wide 180 degree views of magnificent Cowan Waters and Ku-ring-gai Chase National Park
- Cottage one "Cowan Waters Apartment" is a self-contained apartment with full kitchen facilities, large dining and lounge area, private balcony, separate double bedroom, spa bath and reverse cycle air-conditioning
- Cottage two "Riverview Suite" is equipped with breakfast bar, private balcony, lounge area, well-appointed bathroom & reverse cycle air-conditioning
- License agreement (sub leased to the restaurant tenant) with National Parks and Wildlife services for the use of the land that sits over the high water mark
- Access to the restaurant is by road, boat, ferry or seaplane
