OFF MARKET

Cabarita Road
Cabarita NSW 2137

Bedrooms: 18
Bathrooms: -
Car spaces: -
Land area: 3884m2
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Property Details for Lot 291 Cabarita Rd, Cabarita

Building Type
Commercial
Land Size
3884m2
Local Government
Canada Bay
Lot/Plan
291/DP752023

Last Listing description (July 2011)

Waterfront restaurant / function centre and kiosk for sale Sydney
Recently renovated waterfront restaurant for sale with separate kiosk located on top of a marina in the inner west of Sydney (approx 15km from the CBD or Parramatta). Boasting unobstructed 270-degree water views up and down Sydney Harbour this venue has been rebirthed as a profitable turnkey operation with a solid reputation as a wedding and function venue centre. The unique ambience and quality of service has earned the business an enviable reputation as a local favorite for food lovers. The cuisine is Modern Australian and the look and feel is one of a casual fine dining establishment.
The Kiosk is located at the front of the marina and is operated separate to the restaurant and provides a secondary income for the business selling coffee, sandwiches and hot food. Established in 1994 this business has seen solid growth in times of GFC and is awaiting a new owner to invest in taking it to the next level.

Seats
* Restaurant - 75 pax (110 with marquee)
* Kiosk - 20 pax
Turnover
* Restaurant - $18,000 pw
(60% a la carte / 40% function plus $100,000 + in forward function bookings)
* Kiosk - $1,200 p/w
Wages (Restaurant and Kiosk)
* $3,000 p/w (excluding owners)
* $5,000 p/w (including owners)
Floor Space
* Restaurant, front and back of house: 150 m2
* Kitchen and Kiosk: 30 m2
* Storage shed: 10 m2
* Outdoor area: approx 30 m2 of west of the kiosk
* Total : 220 m2
Rent
* Restaurant & Kiosk $2,000 p/w Lease
* Balance of existing expiry July 2013 or
* New lease can be set up with landlord Access / Parking
* 200 council spaces available
* Mooring of boat available on marina @ No Charge
* Water Taxi or Ferry access available to restaurant door
Opening Hours
* Restaurant - 5 days lunch and dinner
(can be expanded to 7 days including breakfast if desired with no increase in rental figure)
* Kiosk - 7 days Fully Licenced and BYO (Restaurant only)
Staffing
* 2 x Owners - Floor staff (full time)
* 1 x Chef (full time)
* 2 x Apprentice Chef (full time)
* 2 x Café all rounder (part time)
* 6 x casual floor staff Unique
Selling Points
* True waterfront location
* 270 degree unobstructed views from every seat in the restaurant
* Access to 120 m2 of decking adjoining the restaurant for functions
(Marque can be installed on this for larger functions)
* Stunning lifestyle choice of working on the water
* Diverse e-commerce exposure on most food web sites
* Heritage listed with loads of character
* One of only a handful of true waterfront venues in Sydney
* Recent renovation including flooring, furniture and fittings
* Full P & L / Balance sheet with audit trail to bank accounts â ;€¨â€¨
Phone to arrange an inspection.

Property History for Lot 291 Cabarita Rd, Cabarita, NSW 2137

A timeline of how this property has performed in the market
Listed for Rent
$230/w
05 Aug 2009
  • 19 Feb 2011
    Listed for Sale $249,000 NEGOTIABLE
  • 18 Jun 2009
    Listed for Rent - Price not available

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About Cabarita 2137

The size of Cabarita is approximately 0.5 square kilometres. It has 4 parks covering nearly 26.2% of total area. The population of Cabarita in 2011 was 1,928 people. By 2016 the population was 1,970 showing a population growth of 2.2% in the area during that time. The predominant age group in Cabarita is 60-69 years. Households in Cabarita are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Cabarita work in a professional occupation. In 2011, 79.3% of the homes in Cabarita were owner-occupied compared with 80.7% in 2016.

Cabarita has 968 properties. Over the last 5 years, Houses in Cabarita have seen a 43.49% increase in median value, while Units have seen a 43.42% increase. As at 31 October 2024:

  • The median value for Houses in Cabarita is $3,283,811 while the median value for Units is $2,061,958.
  • Houses have a median rent of $1,080 while Units have a median rent of $1,100.
There are currently 4 properties listed for sale, and 2 properties listed for rent in Cabarita on OnTheHouse. According to CoreLogic's data, 34 properties were sold in the past 12 months in Cabarita.

Suburb Insights for Cabarita 2137

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.