Restaurant in a Colonial Villa – Business for Sale

$35,000 USD

Property Description

A beautiful colonial style villa, comprising approximately 120 sqm on Street 178 currently in use as a restaurant.

The building has been sympathetically renovated to retain the period style and charm and has a beautiful staircase entrance, high ceilings and the original tiles.

The property is divided into the entrance which leads up to a front patio, thereafter, you enter the bar area, on the left hand side you enter into the large open plan dinning area, with the WC and kitchen off the dinning area. There is a room on the next level which is used as staff accommodation.

The business has 7 and a half years remaining on the lease and the current rent is $1,000 per month, the last 5 years of the lease will see an incremental increase of $1,100 a month.

The premises is being offered at $35,000 with the possibility to purchase the equipment, alternatively it could be utilised as an design office or art gallery, especially for those looking for colonial style building with many original features.

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