Two Level Freehold on Iconic Chapel St – Situated in Highly Sought after ‘Windsor End’

151 Chapel Street & 16 Mechanics Lane, Windsor VIC

Property Highlights

100% occupied building
Tenants pay usual outgoings
Dual street frontage
Register to Bid

Description

Ground floor retail has a secure Five (5) year lease plus option to June 2027.
Ganbare Kaz Kaiten Sushi: popular Japanese restaurant operated by experienced and respected hospitality operators.
80% of income secured by Ganbare Kaz Kaiten Sushi.
First floor office has a renewed Two (2) year lease to September 2022.
Ivy Constructions: Commercial construction and heritage restoration specialists with 35+ years’ experience.
Investor preferred net lease terms with tenants paying all usual outgoings as per lease.
Fully occupied 175sqm two level building including ground floor retail and separate first floor office tenancy.
Prime 165sqm site with dual street frontage and one car park accessed via Mechanics Lane.
Superbly located in Chapel Street’s renowned dining precinct surrounded by leading establishments ncluding Fonda, Hawker Hall, Tokyo Tina, Mr Miyagi, Gelato Messina & Morris Jones.
Windsor: affluent inner city suburb only 5km from Melbourne CBD with $1.3 million median house price.
Estimated Net Rent: $99,416pa + GST (as at July 2021).

Auction Wednesday 23 June 2021
River Room, Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fast Food
Land Size
165 SQM
Building Area
175 SQM

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