Queen Street coffee shop premises sold for $3,125,000
Staff reporterDecember 7, 2020
The Queen Street, Woollahra premises best remembered as the former Zigolinis cafe have been sold for $3,125,000.
It was bought by an investor who plans to open the interiors up by moving the kitchen under an exisiting development application.
It will then be leased to a new food operator.
The 119 sqm premises last sold at $2.62 million in 2013.
It has on-premises license to trader 5am to midnight, six days a week. It was offered at a $165,000 annual rental 2015.