Rare Opportunity Palm Cove - Large double lot site

Palm Cove QLD
Asking Price $595,000

• A rare opportunity to secure a well established and successful (14yr current operators) Restaurant Business in the heart of Palm Cove

• 30 minutes from Cairns and 45 minutes from Port Douglas
• The only Greek Restaurant at Palm Cove and in fact the only Greek restaurant at any of the northern beaches of Cairns
• Specialising in authentic Mediterranean meals served with boutiquie international wine select
• Situated at the rear of the 'Palm Cove Shopping Village' covering the full width of the building
• One of the largest restaurant sites in Palm Cove with the main level of the building covering 367m² over two retail sites of the Body Corporate
• Well maintained and presented with a Greek mediterranean theme throughout
• Part managed with a strong team of 13 staff when required
• Main business operations 7 days a week for Dinners only
• Seats up to 200pax
• Corporate Functions & Weddings available on request
• Function room / full wine bar 'Ouzeri'. For functions this caters for 50 pax standing room only. The normal configuration is 10 tables with side bench seating and two additional tables catering comfortably for 23
• Variety of seating arrangements with vaulted ceilings in the main dining area with a large 'Bosses' table for 10, 'House' table for 8 in the corner, Private balcony for 4, 'Chef's' table for 12 near the main bar, undercover sail shades in the open courtyard, or under the stars dining
• Growth opportunity with further residential development to the west of the highway and an upmarket residential development immediately behind
• Lease with options through to 1st March 2031 with small increases

Areas within the Lots and Exclusive Use Common Property Areas :
Lot 31 & 32 areas 31 (187m²) & 32 (50m²)
Balcony & Gated (exclusive use common area) 130m² approx
Main level area 367m2 approx
* Total Area 420m² approx.
* Note : Refer to CMS 2002 annotations regarding exclusive use common property

Lease three (3) x three (3) year until 1st March 2031

Turnover FY22 $1.195m

Price : SOLD

Grant Freeman +6xxxxx (Local xxxxx)

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