Corner location at desirable end of the Kingston Foreshore

Kingston Foreshore’s restaurant strip combines two great attractions: a stunning waterfront location and a dazzling choice of dining options.

It’s no surprise then that an opportunity to own one of the popular restaurant sites should attract significant investor attention.

The Circula Restaurant entices its fans with modern cuisine such as kingfish sashimi, braised pork belly with king prawns, and peanut butter cheesecake.

This 188-square-metre site offers indoor and alfresco seating and is secured by a seven-year lease with a five-year option.

Mitch Frail from Burgess Rawson says the restaurant has an excellent corner location at the most desirable end of the foreshore development.

“It’s a great space with bifold doors that create that sought-after indoor-outdoor connection – perfect for the waterfront,” Frail says.

“We’re receiving interest from local and Sydney investors who are looking to add to existing property portfolios or to their self-managed superannuation funds.”

Frail says the space is less than five years old and still attracts depreciation benefits. There are two car-parking bays attached to the site lease.

The Burgess Rawson agent says foreshore-based restaurants and entertainment venues have substantial week night and weekend traffic.

“Canberrans flock to the foreshore to enjoy dining in a waterfront location,” he says.

“That delivers the certainty of long-term leases and ensures fierce competition to acquire sites like this.”

KINGSTON

17/19 Eastlake Parade

Net per annum income $108,188 plus GST

Agent: Burgess Rawson, Mitch Frail, 0429 103 979