SOLD
Sold on 22 Sep 2023 for $1,330,000

2/4 East Street
Crescent Head NSW 2440

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1477m2
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Property Details for 2/4 East St, Crescent Head

Building Type
Commercial
Land Size
1477m2
Local Government
Kempsey
Lot/Plan
2/SP14441

Last Listing description (February 2023)

Fancy going on the journey of a lifetime.

An exciting opportunity presents for the lifestyle entrepreneur with an appreciation and passion for the art, fashion, food, and wine industry to secure an authentic family-owned business in a highly sought after and progressive seaside location on the Mid North Coast of NSW.

The award-winning "Pandanus Garden Bar and Restaurant" is a well renowned successful boutique establishment built on respect, support, empathy, and friendships, holding a special place in the heart of visitors, holiday makers, and the local community.

Positioned in the original iconic bakery building, rich in history with fascinating stories, the retail shop, garden bar, and restaurant have been respectfully renovated presenting an incredible atmosphere and relaxed vibe of blissful escapism, a memorable and wholesome experience for all who visit.

You will acquire an impeccably curated business, an emporium in paradise with a strong online presence and existing loyal customers, great stories, good will, suppliers, staff, plant, equipment, stock, life-long friendships, and a lifestyle like no other surrounded by National Park, pristine beaches, and world class surfing spots.

Please note the sale is via Expression of Interest, the site is offered either as a blank canvas with fit existing fit out or if you would like to continue existing set up, the purchase of stock on hand can be negotiated also.

At a Glance

- Shopfront & Restaurant approx 170m2 internal floor
- 301m2 vacant B2 commercial core site on separate title 1 Scott Street (at rear)
- Great vibe, tasteful renovation, prominent position
- Seating for 30 patrons indoors, 40 outdoors
- Fabulous staff- 2 x kitchen, 1 x floor, 1 x bar, 3 x retail shop
- Restaurant open Thursday to Sunday 12pm-10pm
- Boutique retail shop open 7 days
- No restrictions for private functions
- Office, bespoke bathroom, commercial kitchen & bar
- Trip Advisor Travellers Choice Award, rave reviews
- Stunning backyard garden, dual access block, parking, storage
- Transferable Liquor Licence, brand new cool room
- Subject to council approval potential to go to 8.5M on rear block

Disclaimer: The information contained in the advertising of this property is based on information provided to the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters.

Property History for 2/4 East St, Crescent Head, NSW 2440

A timeline of how this property has performed in the market
Last Sold
$1,330,000
22 Sep 2023
  • 22 Sep 2023
    Sold for $1,330,000
  • 25 Jul 2022
    Listed for Sale Contact Agent
  • 30 Jan 2018
    Sold for $500,000
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About Crescent Head 2440

The size of Crescent Head is approximately 182.8 square kilometres. It has 10 parks covering nearly 45% of total area. The population of Crescent Head in 2011 was 1,586 people. By 2016 the population was 1,532 showing a population decline of 3.4% in the area during that time. The predominant age group in Crescent Head is 60-69 years. Households in Crescent Head are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Crescent Head work in a professional occupation. In 2011, 70% of the homes in Crescent Head were owner-occupied compared with 66.4% in 2016.

Crescent Head has 1,275 properties. Over the last 5 years, Houses in Crescent Head have seen a 75.55% increase in median value, while Units have seen a 41.03% increase. As at 31 August 2024:

  • The median value for Houses in Crescent Head is $786,289 while the median value for Units is $514,601.
  • Houses have a median rent of $600 while Units have a median rent of $420.
There are currently 16 properties listed for sale, and no properties listed for rent in Crescent head on OnTheHouse. According to CoreLogic's data, 38 properties were sold in the past 12 months in Crescent head.

Suburb Insights for Crescent Head 2440

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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.