Matt Marano 40 Flinders Street, Darlinghurst NSW 2010
  • 0404 089 362

Properties

7 Kellett Street Potts Point
7 Kellett Street
Potts Point
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Price Guide $1,500,000

PROPERTY DESCRIPTION


Rare investment opportunity in the heart of the Potts Point entertainment precinct. Located on Kellett Street, an established street packed with first class food and beverage operators.

Available with one of the best liquor licences in Sydney permitting trade from 7 am to 3 am.

– Restaurant/Bar trading as “Rose Royale”
– High quality fit-out from “Edge Design Studio” (Manly Wharf Hotel, The London – Paddington, Barrio Chino – Potts Point etc)
– Currently leased 1 + 2 + 2 and tenants have just exercised the first 2-year option.
– Current $105,000 per annum plus GST approx, increasing in November 2019 to $110,250+GST
– Lessee pays 100% water rates
– Outgoings (strata & council) – $4,471 per quarter
– Fixed rental growth of 5% per annum
– Approximately 150 sqm (including a valuable outdoor area of 19 sqm)
– Liquor licence with “Primary Service Authorisation” and “Extended Trading Hours Authorisation”
– Rare opportunity to purchase a high-quality investment in this tightly held precinct

Details

  • Land Size 150 sqm
  • 1/14 Clapton Place, Darlinghurst

    Matt had been managing our property for years. When the market was hot he contacted us and asked us if we would consider selling. We did, and Matt put together an ideal campaign for the size of property we were selling. We sold it on the very first day. There were 3 serious buyers and Matt negotiated all of them upwards until we finally agreed a price that was 5% higher than the asking price! Very happy with the end result and with Matt’s efforts to get it across the line quickly (which involved him personally driving contracts backwards and forwards across town).

    Scott Christie
  • 5/354 Crown Street, Surry Hills

    Matt was incredibly helpful throughout the entire sales process. Thanks to Matt, we got a great price, and the whole process was exceptionally managed. Would recommend Matt’s services.

    Georgia Schofield
  • 807/425 Bourke Street, Surry hills

    Matt was great. Found the answer to every question I asked if he didn’t immediately know it. Good sense of humour. Said “you know I’ll be standing next to you saying ONE MORE BID!” And is this guy the most good looking (male) real estate agent ever or what?

    Ross Milbourne
  • 3/11-21 Flinders Street, Surry Hills

    Matt sold my tiny studio for 26K over an already quite high asking price. Matt maintained excellent communication and ensured inspections were conducted to my standards. He sold my place in just over a week. I couldn’t be happier. Highly recommend.

    Michelle Larin
  • 18/2A Wentworth Street, Point Piper

    I can definitely recommend Matt Marano as a future selling agent for your property.On the eve of an extended overseas trip, Matt inquired as to my interest to sell a long held investment flat in a company title property in Wentworth St, Point  Piper. In the rising market in early May 2016, I agreed and Matt negotiated an acceptable sale price.

    It was Matts professional approach that has impressed me, especially his attention to detail while we were travelling in that he continued with constant daily communications to us with both email and phone until the contract preparation and then the exchange was achieved.
    Thereafter, Matts follow up on behalf of both parties to the sale has also been excellent, coordinating with the many involved; both solicitors, the tenants, the managing agent, and the buyer for his further inspections and bank valuations etc and all that’s required on the path to settlement. In addition, Matt has a very friendly personal style and is a well presented young man.

    Peter Press