Summary
Prime CBD retail/cafe opportunity near Chinatown. 88sqm over 2 levels, seats 40. Long lease 4.5+5 yrs. Well-presented space. Flexible terms available. Motivated vendor. 240k including outgoing.
Rent
$240,000 pa
Location Details
18 goulburn st sydney
Prime Sydney CBD location near Chinatown with heavy foot traffic day and night. Surrounded by offices, apartments and busy dining precinct. Excellent exposure and easy access, ideal for cafe, bubble tea, takeaway or retail. Owner must sell.
Potential
Strong potential for cafe, dessert, bubble tea or takeaway concept in high-traffic CBD location near Chinatown. Surrounded by offices, apartments and busy dining precinct with consistent foot flow day and night. Clean two-level layout allows flexible design and branding. Ideal for experienced operators or brands looking to establish presence with low upfront cost and negotiable incentives.
Skills
Suitable for owner-operators or experienced hospitality operators. Basic knowledge of cafe, takeaway or retail operations is beneficial. Opportunity for established brands or franchise groups to customise the space to suit their concept. No existing setup allows full flexibility for design and operation.
Hours
Flexible trading hours. Previous cafe operated daytime with potential to extend into evening trade.
Lease
4.5 years remaining + 5 year option. Rent approx. $240,000 p.a. with no outgoings.
Employees
No employees included. Business currently not operating, allowing new owner to set up their own team and structure.
Reason for Sale
Owner is unable to continue due to personal commitments. Business is currently closing, creating an opportunity for a new operator to take over and establish their own concept. Vendor is motivated and open to reasonable offers and flexible terms for a smooth transition.
About the Business
This is a great opportunity to secure a well-located retail space in the heart of Sydney CBD, near Chinatown, with strong and consistent foot traffic.
The shop is spread over two levels with a total area of approximately 88 sqm (36 sqm ground floor and 52.6 sqm upstairs), comfortably accommodating around 40 customers. The layout is practical and flexible, making it suitable for a wide range of concepts.
Previously operating as a cafe and dessert store, the premises has undergone a quality fit-out with over $100,000 invested. The space remains clean and presentable, allowing a new operator to either utilise the existing setup or redesign to suit their own brand and concept.
The business is currently closing, providing a clean handover opportunity. There is no existing kitchen or equipment, making it ideal for buyers who wish to customise their own layout and operations. Based on prior consultation, installation of a commercial kitchen is feasible subject to council and landlord approval.
The lease is secure and long-term, with approximately 4.5 years remaining plus a further 5-year option. Rent is approximately $240,000 per annum with no additional outgoings.
Key advantages:
- Prime CBD location near Chinatown with high pedestrian flow
- No goodwill required
- Flexible terms available including rent-free incentives (negotiable)
- Suitable for cafe, dessert, bubble tea, takeaway or retail concepts
- Immediate takeover possible
This opportunity is best suited to experienced operators, business owners or brands looking to establish a presence in a high-demand CBD area with relatively low upfront entry cost.
The vendor is highly motivated and all reasonable offers will be considered. Enquire now to arrange an inspection.
History
The premises has a proven history in the food and beverage sector,previously operating as a bubble tea shop and later as a dessert business.The space has been fitted out and utilised for hospitality use,demonstrating its suitability for similar concepts.Over time,the shop has undergone improvements and fit-out investment,maintaining a clean and functional layout.
Due to personal reasons,the current owner is exiting and the business is now closing,presenting a fresh opportunity for a new operator to take over and implement a new concept.
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