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Overview
This property is an early 2000s build purpose-built for use as a restaurant cafe featuring both indoor and outdoor dining areas. It includes a well-equipped kitchen designed as a large commercial kitchen with ample space for serving and displaying food items.
Located approximately 500 meters from Picton High School, the site benefits from substantial foot traffic and is only a five-minute drive from the main area of Picton. It is situated in an industrial area with plentiful parking and a strong existing clientele, accessible through large open doors.
This investment opportunity offers an approximate 5% return and currently has an excellent long-term tenant on a secure 5 + 5 year lease. The property is maintained in great condition, making it an ideal acquisition for investors seeking a stable, set-and-forget investment.
Additionally, the property is suited for Self Managed Super Funds (SMSFs) due to its strong lease covenants and consistent income stream. Given its strategic location and tenant quality, it represents a solid addition to commercial property portfolios in the sought-after Picton region.
Property Information
- Land area approximately 250 square meters
Local Market Insights
In Picton, Quiet Listings observed 3 new commercial properties entering the market over the last 30 days, with an average advertised asking price of $2,140,000. The property type mix of listed properties is predominantly Houses at 82%, followed by commercial properties (18%). Ray White was the most active agency monitored, representing 29.4% of all new listings monitored during the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Picton NSW 2571
Market Insights for Picton NSW 2571
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
