12 The Entrance Road, The Entrance NSW 2261

Overview Central Coast Council, acting through Commercial Collective, is seeking an experienced head lease operator for a waterfront hospitality opportunity at 12 The Entrance Road, The Entrance NSW 2261. The property is being offered for lease by Expressions of Interest. Key features of the opportunity include: High foot-traffic waterfront position adjoining the boardwalk Approximately 1,176sqm site across two lots with a multi-level hospitality layout Existing bars, function spaces and fitted commercial kitchen Rooftop potential to extend the waterfront experience, subject to approvals (STCA) Two occupied tenancies generating $98,530.43 per annum excluding GST Exposure from nearby accommodation, markets and attractions Benefitting from The Entrance and Northern Lakes' approximately 1.2 million annual visitors Purpose The opportunity is intended to revitalise the waterfront property into a hospitality destination, combining dining, drinks, functions and community experiences within The Entrance visitor precinct. Scope The scope includes: Head lease of a 1,176sqm site spanning two lots, comprising ground-floor commercial tenancies, a first-floor function area and bar, and a fitted commercial kitchen Potential rooftop activation, subject to approvals and licensing Repairs, refurbishment and fitout of the premises on an as is, where is basis, including repairs to two additional ground-floor areas and substantial works to the first-floor function and bar areas Management of two existing occupied tenancies generating $98,530.43 per annum excluding GST, offering potential income to the head lessee from commencement, subject to agreed terms and existing tenancy arrangements Contractor Requirements Experienced head lease operator capable of revitalising the property into a hospitality destination Information Requested Proposals should address the following, considered together: Operating concept Capital investment and works program Rental structure Lease term Incentives Works commitments Final terms remain to be confirmed.