Burgess Rawson in conjunction with Nichols Crowder, are pleased to offer to the market 31 Ambrose Avenue, Cheltenham VIC for sale via Investment Portfolio Auction 176.

The property has the following key investment highlights:

+ Brand new ten (10) year lease to February 2035, plus further options to 2045.
+ Sana Coffee: A successful café with a new, modern deco fit-out, open 7 days a week with dine-in, outdoor seating, and delivery options.
+ Fixed 4% annual rent increases, ensuring certain income growth.
+ Landlord-favourable net lease terms, with the tenant responsible for usual outgoings.
+ State-of-the-art construction, 124sqm* café within Riverlee and Brico’s Belrose Development with seating for 70 patrons plus 32sqm* of on-title car parks, with additional outdoor area and amenities under license agreement.
+ Brand new 2024 construction, providing maximum tax-saving depreciation benefits.
+ The booming area of Cheltenham within the City of Bayside is forecast to see population surge 93% by 2046. (1)
+ Desirable bayside location, only 16km* south of the Melbourne CBD.
+ Strategically positioned within Cheltenham, surrounded by Mirvac’s Jack Road Development seeing 185 dwellings added to the area.
+ Net Income: $51,025 pa* + GST.

For Sale by Investment Portfolio Auction 176
10:30am AEST Wednesday 14 May 2025
Garden Room, Crown Casino

* Approximately
1 Forecast.id