Thriving Bayside Melbourne – Brand New 7 Year Lease

Ground Floor/424 New Street , Brighton VIC

Property Highlights

Secure 7 Year Lease - Proven Performer
Fixed 4% Annual Rent Increases
High Quality Capital Intensive Fit-out

Description

+ Brand New 7 year lease plus options to 2049.
+ Leased to proven performer Ladygreen Café, licensed café trading since 2018.
+ Tenant pays all usual outgoings as per the lease.
+ Immaculate quality 160sqm* ground floor retail plus 60sqm* alfresco dining & on-site parking.
+ Fixed compounding annual 4% rent increases.
+ Single tenant, minimal management investment located in an award winning retail development.
+ High Quality capital intensive fit-out.
+Superb exposure to busy New Street, a blue-chip retail location and adjoins a brand new Gumnut supermarket due to open in 2022.
+ Brighton: Melbourne’s premier bayside suburb with a median house price of $3,380,000.
+ Net Income: $105,150* + GST.

For Sale by Private Treaty

* Approx

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Cafe
Land Size
230 SQM
Building Area
160 SQM

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