Trendy City Fringe Cafe in The Heart of Bustling Brunswick
T5/55-63 Nicholson Street , Brunswick East VIC
Property Highlights
Description
+ Secure 7 year lease to Jan 2028 plus options to 2043.
+ Mary Miller Café: established and highly rated operator boasting 269 4.6 star reviews on Google.
+ Modern 119sqm café positioned in award winning ‘Nightingale’ Development.
+ Fixed 3% rent increases ensuring growth.
+ Tenant pays all usual outgoings.
+ Single tenant minimum management investment.
+ An abundance of surrounding proposed and commenced residential/ mixed use developments providing additional future population to the immediate vicinity.
+ Substantial tax depreciation benefits.
+ Brunswick population is estimated to grow by 19.6% to 36,794 residents by 2031.
+ Brunswick: An in demand, high density city fringe ‘capital growth’ suburb only 3.5km to the Melbourne CBD.
+ Net Rent $45,675 pa + GST.
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 30 March 2022
Crown Casino, Melbourne.
Property Details
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