$1 - Yes that's Correct, $1

- Lachlan Court Cafe,Canberra ACT 2601

$1

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The Lachlan Court Cafe is an iconic establishment that has operated continuously for almost 50 years at the same site with only a handful of owners during that time.

Unfortunately, the most recent owner was unable to juggle the demands of being based in Sydney with a young family and running the cafe in Canberra.

All equipment required to run the cafe is there for the new operator to walk in and start trading immediately, right down to the crockery and cutlery. All you need to do is purchase your stock and open the doors.

There is a large fully equipped kitchen and indoor seating area of approximately 217 sqm, and an enclosed outside area of 86 sqm. The lease includes 2 underground reserved parking spots at the back of the shop.

The landlord is keen to find a new tenant so has offered a 3 MONTHS RENT FREE period to get you started!

The annual rent is very reasonable at $90K PA + GST. There will be NO RENT INCREASES for the first 4 YEARS except for increases in outgoings. THE ANNUAL RENTAL INCLUDES ALL OUTGOINGS. The new operator would only be responsible for paying for water usage, electricity, gas, cleaning, rubbish removal, maintenance of equipment and grease trap.

Initially, the plant and equipment will continue to be owned by the landlord. The new operator will have the option to continue on with the lease at the end of the first 4 years, and at this time, the plant and equipment will become theirs if they renew the lease for a further 4 years or longer.

Previous opening hours have been Monday - Friday, however the option to open from 7am to 10pm 7 days a week if so desired is allowed. The landlord would also be open to allowing some modifications to the theme of the site if so desired.

There is a great opportunity to not only cater to a large number of workers and passing trade during the day, but you could also cater to a large number of residents in the area in the evening.

Should this amazing opportunity interest you, DO NOT delay making an enquiry as it will be snapped up by a smart operator very quickly!

For more information please contact Michael Newham of Finn Business Sales on 0419 263 014 or email michael.newham@finnbusinesssales.com.au

Inspections

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Key Details

Property Type:Business
Stamp Duty:$0

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What's Nearby

Telopea Primary School, BartonPrimary School
0.5km
Telopea High School, BartonHigh School
0.5km
The Canberra HospitalHospital
5km
Canberra CentreMajor Shopping Centre
3.3km
Australian National UniversityUniversity
3.6km
Aust. Federal Police CollCollege
0.3km
Kingston Post OfficePost Office
1km
The Finn Group

Canberra Suburb Information

 
 
Average Age
24 years
Population
2,824
Canberra Profile
Canberra Occupancy

Contact agents

The Finn Group

The Finn Group

View agency detailsMichael NewhamThe Finn Group
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This listing has been viewed 579 times. It was first displayed on 01/07/19 and last updated on 01/07/19.