CBRE is pleased to offer to the market Maha East Restaurant, located at 36 Chapel Street, Windsor VIC, for sale via Private Treaty.
+ Maha East: well-renowned award-winning restaurant by celebrity chef, Shane Delia, in occupation since 2019 with sister restaurants in Melbourne CBD and Collingwood
+ Maha East: renewed Eight (8) Year net lease to June 2033 plus One (1) further Eight (8) Year option to June 2041
+ IFFA (International Film Festival Awards): new Five (5) Year lease to January 2030 plus One (1) further Five (5) Year option to January 2034
+ Immaculately presented dual-level freehold with high end restaurant at ground level and modern office space on first floor
+ Dual income stream investment with two tenants providing income diversity.
+ Highly desirable Activity Centre Zoning (ACZ1) landholding with dual frontage providing significant future upside STCA
+ Fixed, compounding 4% annual rent increases on both tenancies ensuring continued income growth
+ Prominent position on busy Chapel Street (12,300 VPD) and opposite Windsor Train Station, the number 78 tram, and metres from the Princes Highway (Dandenong Road
– 67,000 VPD) (2)
+ Well serviced by 160 public cars spaces at the rear of the property plus on street parking
+ Windsor: tightly held affluent inner metro suburb only 5km* from Melbourne CBD, with a median house price of $1,293,000 (2)
+ Net Income: $138,605 pa* + GST To be sold via Private Treaty. Shaun Venables 0411 860 865 David Napoleone 0417 308 067 Nathan Mufale 0421 224 354 Mark Foster 0475 454 431