FOR SALE
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Contact Agent For Address
Ultimo NSW 2007

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 100m2
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Business Sale: Chinese Restaurant in Ultimo

This Chinese restaurant is located on Ultimo, with a shop area of 100 square meters and a monthly rent of AUD 10,000 (including GST and other outgoings). The remaining lease term is 3.5 years, with an additional 5-year renewal option, providing stable operational security for the new owner. The restaurant is in a prime location near Sydney’s CBD, surrounded by several universities, office buildings, and residential areas, ensuring a steady and strong flow of foot traffic. Public transport is highly convenient, with buses stopping at the door and Central Station just a few minutes' walk away, making it easy for customers to visit.
The restaurant features an elegant, modern interior design with a comfortable dining area that can accommodate 65 to 70 guests, with a maximum seating capacity of 78. It is ideal for gatherings and social events. The restaurant is also equipped with a fully functional kitchen, supporting efficient operations and ensuring customers receive high-quality dining service.
Currently, the restaurant employs 5 staff members, including 4 experienced chefs and 1 front desk service staff. The team structure is stable, and the staff are proactive and passionate about customer service, ensuring smooth daily operations and providing a warm and pleasant dining experience for customers.
As the demand for Chinese cuisine continues to grow in Sydney’s city area, this restaurant, with its excellent location and strong reputation, holds significant market potential. The new owner can further expand the existing customer base to increase revenue.
This is a rare opportunity, particularly suited for anyone looking to expand their Chinese restaurant business in one of Sydney’s bustling areas. If you are interested, please feel free to contact us for more information or to arrange a viewing.
Property Reference Number：Busi#126

Property Details for Contact Agent For Address, Ultimo

Building Type
Commercial
Floor Size
100m2

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About Ultimo 2007

The size of Ultimo is approximately 0.6 square kilometres. It has 3 parks covering nearly 2.1% of total area. The population of Ultimo in 2011 was 7,111 people. By 2016 the population was 8,837 showing a population growth of 24.3% in the area during that time. The predominant age group in Ultimo is 20-29 years. Households in Ultimo are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ultimo work in a professional occupation. In 2011, 29.6% of the homes in Ultimo were owner-occupied compared with 25% in 2016.

Ultimo has 6,540 properties. Over the last 5 years, Houses in Ultimo have seen a 35.72% increase in median value, while Units have seen a 11.00% increase. As at 30 November 2024:

  • The median value for Houses in Ultimo is $1,886,381 while the median value for Units is $742,244.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 28 properties listed for sale, and 51 properties listed for rent in Ultimo on OnTheHouse. According to CoreLogic's data, 213 properties were sold in the past 12 months in Ultimo.

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Jason Wang
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Dentown Property Group
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