Bakery Location for Over 50 Years with Renewed 5 Year Lease

57-59 thompson avenue, cowes vic

Price on Request

  • Renewed 5 year lease to 2023+ options
  • Generous annual rent reviews
  • 2 minute walk to Cowes beach front

Property Details

High profile 268 sqm corner commercial building with 35 metre frontage
Premium Commercial 1 Zoning with potential redevelopment upside STCA
Bakery site for over 50 years, with business changing hands only 3 times within this period
Situated adjacent to ALDI and within metres of other national retailers including Woolworths, Coles, NAB and ANZ
Tenant pays all usual outgoings as per the lease excluding land tax
Conveniently located less than 2 hours south east of Melbourne CBD
Phillip Island: Tourism hub attracting approx. 2.3 million visitors who spent an estimated $488 million in the year ending June 2017
Rent: $80,823pa +GST

Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne

Featured Details

Current Tenant Tenanted
Gross Building Area 262 sqm
Land Size 262 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: VIC002620

Thank you for showing interest in us.

Contact Details

Office Details

Level 7, 140 Bourke Street, Melbourne VIC 3000

T 03 9613 0400 E

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