Restaurant Sales

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Chef Neil Perry's Rockpool restaurant premises on Sydney's Bridge Street have sold for $8.51 million through Knight Frank.
The strata retail asset is leased to Rockpool, via the Star Restaurant Group trading until 2023.
The 490-square-metre property in the historical Burns Philps, Sydney building sold at a 6.78% yield. 
The 7-11 Bridge Street building has been substantially reconstructed behind its original facade.
The Rockpool property exchanged at $17,367 a square metre, the Australian Financial Review calculated.
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jchancellor-FAypfDUnLy

Bridge Street Rockpool restaurant premises sold

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The KFC restaurant at Annandale, off Townsville's Bruce highway, is up for sale through Savills Retail Investments in a formal tender campaign starting late July.
The drive-through KFC restaurant adjoining the Annandale Central Shopping Centre and is directly opposite the Lavarack Army Barracks.
It has a new 10 year net lease.
Savills national director of retail investments, Peter Tyson, said it is an ideal investment opportunity for private investors and Self-Managed Superannuation Funds.
“KFC Annandale benefits greatly from close proximity to a variety of major employers and traffic generators including numerous primary and secondary schools, the James Cook University, Townsville Hospital, Annandale Shopping Centre as well as the expanding Lavarack Army Barracks, Australia’s largest military base which is located directly opposite the property,” he said.
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jonathanchancellor-7SQnKwU6yx

Townsville KFC outlet up for sale 

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The Avalon Beach restaurant space that cafe queen Jackie Milijash bought just before her death last year is being sold by the administrators of her estate.
The beloved restaurateur and business woman paid $1.95 million for the Old Barrenjoey Road commercial property with a view to opening a new establishment.
<img src="https://www.urban.com.au/images/2017/03/22/Screen%20Shot%202017-03-22%20at%2012.55.17%20PM.png" alt="">
She renovated the existing restaurant and bar premises to make a functioning space for the next few years, with the intention of eventually redeveloping the site. 
<img src="https://www.urban.com.au/images/2017/03/22/Screen%20Shot%202017-03-22%20at%2012.54.39%20PM.png" alt="">
Ian Halliday from BKH had drawn up the concept drawings for a commercial/residential development. 
<img src="https://www.urban.com.au/images/2017/03/22/Screen%20Shot%202017-03-22%20at%2012.55.11%20PM.png" alt="">
Lara Rowell at Fine &amp; Country Avalon Beach has set an April 8 auction date.
<img src="https://www.urban.com.au/images/2017/03/22/Screen%20Shot%202017-03-22%20at%2012.55.06%20PM.png" alt="">
Milijash was credited with helping create Sydney's cool cafe culture when she launched Jackies in Bondi in 1989.
<img src="https://www.urban.com.au/images/2017/03/22/Screen%20Shot%202017-03-22%20at%2012.54.50%20PM.png" alt="">
Now operated by former staffer turned foodie Myles Davis, who's back from the London cafe scene, overseen by her mother, Janina, Jackies Cafe in Paddington remains a favourite of the likes of A-listers Nicole Kidman, Hugh Jackman and Naomi Watts.
<img src="https://www.urban.com.au/images/2017/03/22/Screen%20Shot%202017-03-22%20at%2012.54.45%20PM.png" alt="">
This article first appeared in The Sunday Telegraph.
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