Melbourne CBD Restaurant Investment New Lease to Longstanding Operator

104, 129A & 1327/33-71 Spencer Street, Melbourne VIC

Property Highlights

Brand new 4 year lease plus options
Fixed 3% rent increases
Tenant pays usual outgoings

Description

+ Brand new 4 year lease to January 2024 with options to 2036.
+ Fixed 3% rent increases ensuring rental growth.
+ Gaylord Restaurant: Melbourne’s longest running Indian restaurant in operation since 1985.
+ Tenant pays usual outgoings as per Lease.
+ Prime position at the ground floor of Melbourne’s Grand Hotel incorporates restaurant with dual entrances and alfresco area.
+ Highly experienced tenant with multiple income streams including hotel catering, restaurant & conference facility.
+ Net Income: $256,257 pa + GST.

For Sale

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Leisure/Hospitality
Land Size
350 SQM
Building Area
350 SQM

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