CBRE is pleased to offer to the market Kitty Burns Café at 24 Acacia Place, Abbotsford VIC for sale via Private Treaty. This opportunity has the following key investment highlights:
+ Five (5) year lease to May 2030 plus Two (2) further Five (5) year options through to 2040
+ Kitty Burns: The latest venture from proven hospitality operators with a portfolio of 4 high-performing venues across Melbourne
+ Fixed 3% rent increases, ensuring compounding growth
+ Investor preferred net lease terms with the tenant paying all usual outgoings as per the lease
+ Rare 6-month bank guarantee
+ Well-presented 291sqm* retail space with A-grade hospitality fit out and exposure to the walking trails along the Yarra River
+ Important license agreement for huge outdoor terrace
+ storage facilities as well as a liquor license
+ Two dedicated on-title car spaces
+ Only 100 metres* from tram stop and exposure to 23,000+ vehicles passing daily (1)
+ Positioned in Abbotsfords vibrant east with direct access to Supreme Coffee, CUB, the Yarra River Walk and Victoria Gardens Shopping Centre, home to IKEA, Coles, Kmart, Freedom and Rebel, and attracting over 6.5 million visitors annually (2)
+ Abbotsford: booming city fringe suburb, with population forecast to grow 44% by 2046 (3)
+ Net Income: $108,590pa* + GST To be sold via Private Treaty.
*Approx 1 GapMaps 2 Vicinity Centres 3 .id