Furnished
Huge Potential Cafe / Restaurant for sale.

24 Lonsdale Street, Braddon ACT 2612

$150,000+

BusinessSize: n/a
Block size: 5012 m² approx.Business size: 145 m² approx.UV: $15,675,000 (2023)
With an excellent location & in the heart of the Canberra, this business has huge potential for an owner that brings an enthusiastic outlook. Business is 1 year old and already shown huge potential as it's one of its kind. Owner operated and the owner had done all the hard work and it's moving towards the auto-pilot mode. Bar infrastructure in place but due to the nature of the business current owner has decided not to go ahead with liquor license. New owner may choose to operate bar as well.

This is a regrettable sale however due to family priorities, owner had decided to sell this beautiful creation. Owner is not in hurry to sell so will only sell at right price. The venue currently trades 7 nights and 4 lunches a week. This business currently employs 6 staff.
Seating Capacity: 80 (inside and outside)

This would suit someone who is looking to operate as family business, single owner or has passion to run with their own creation. This venue also has the potential to obtain a liquor license if needed.

Currently owner operated we run a fully functional commercial kitchen.

Location is the heart of Canberra city and close to the Canberra Centre and to lot of hotels hence attracts a lot of foot traffic.

Potential
With the size of this business, location and a strong lease the new owners can put some strong plans in for the future. One of its kind in Canberra.

Some of the potential items the new owners can consider immediately:

- Get the liquor licence and operate bar.
- Look at introducing lunches 5 days a week.
-

This is one of those business that is far from its full potential so the new owners are picking up a strong business that will respond to fresh changes immediately.

Features
-Business is fully fitted and ready to make money immediately.
-Kitchen has all stainless steel bench tops and quality appliances
-Surrounded by commercial buildings, hotels, shopping centres and large walk past traffic
-2 Allotted underground parking.

Premises
-All the equipment is owned not leased
-Open commercial kitchen
-Enough cold storage
-Reasonable lease with 10 years
-2 tap beer system already installed

Area - 145m2

Location - Braddon

Lease - 10 years

Financials
-Reasonable lease and reasonable rent
-Turnover and profit to be discussed upon interest

Price
Owner is not in hurry to sale so unreasonable offers and time wasters will be ignored.

Confidentiality Agreement
To release further details about this business a confidentiality agreement must be completed. To proceed further please contact at m.parker.food@gmail.com.Wi
Features
  • Alarm
  • Allocated Car Spaces
  • Body Corporate
  • Central Heating
  • Fully Furnished
  • Loading Dock
  • Off-street Parking
  • Underground Parking
nbn® Fibre to the Building (FTTB) is available in this property
Max wholesale speed tier available: nbn® Home Fast

Inspections

No inspections scheduled on Allhomes, yet. You may ask the agent about upcoming inspections.

Send an enquiry

Contact M Parker to learn more about this property, request an inspection or take an online tour.

Key details

Bathrooms:
2
Parking:
2
Carport spaces:
2
Property type:
Business
Block Size:
5012 *
Unimproved Value:
$15,675,000 (2023)

Other Details

Block:
22
Section:
21
Business Size:
145 *
Rates (Residential):
$84,644*
Rates (Commercial):
$844,730*
Rates (Rural):
$13,694*
Land Tax (Residential):
$178,359*
Legal description:
CANB/BRAD/21/22
nbn® availability:
nbn® Fibre to the Building (FTTB)
*These are approximate values based on available information.
  • M Parker

    Private lister

Maps and area information

Land Details
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Block information
Block 22 Section 21 Braddon
Block size: 5012 (approx)
Unimproved value: $15,675,000 (2023)
Legal description: CANB/BRAD/21/22
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
Need more info? We've got you covered.
A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
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Enrolment areas for ACT public schools.

What's nearby

Ainslie Primary SchoolPrimary School
0.6km
Campbell High SchoolHigh School
1.4km
Calvary Private HospitalHospital
4.7km
Canberra CentreMajor Shopping Centre
0.8km
Australian National UniversityUniversity
1.6km
Merici CollegeCollege
0.8km
Braddon Newsagency & Post OfficePost Office
0.1km
Aust. Defence AcademyTafe
3.2km

Property history

You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
Property History
16 Apr 2019
Sold
LJ Hooker Gungahlin
$425,000
Contract: 16/04/2019
Listed: 28/11/2018
Days on market: 139
Transfer type: Full transfer
31 Oct 2018
Sold
Capital Commercial Business Sales
$379,000
Contract: 31/10/2018
Listed: 28/06/2018
Days on market: 125
Transfer type: Full transfer
19 Jul 2017
Sold
Philip Kouvelis Real Estate
$459,000
Contract: 19/07/2017
Listed: 20/04/2017
Days on market: 103
Transfer type: Full transfer
01 Jun 2017
Sold
Private Lister
$1
Contract: 01/06/2017
Listed: 24/02/2017
Days on market: 97
Block size: 5012m²
Transfer type: Full transfer
13 Apr 2016
Sold
McGrath Dickson
$475,000
Contract: 13/04/2016
Listed: 02/09/2015
Days on market: 224
Transfer type: Full transfer
24 Nov 2003
Sold
$6,800,000
Contract: 30/10/2003
Transfer: 24/11/2003
Block size: 1254m²
Transfer type: Full transfer
Purpose: Industry

Braddon suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian salesUnimproved value
Average Age
30 years
Population
6,383
Unimproved value for Braddon
$15,675,000
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Listing ID: 180809216. This listing has been viewed 1311 times. It was first displayed on 17/07/2022 and last updated on 17/07/2022.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.