Trophy Chapel Street Mixed Use Freehold | Renewed 8 year lease to award winning chef, Shane Delia’s, Maha East restaurant

Description

Burgess Rawson from 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

Enquire

Contact agents
Shaun Venables Partner
0411 860 865
David Napoleone Senior Sales Executive
0417 308 067
Mark Foster Associate Executive
0475 454 431
Enquiry Form

Windsor, VIC

36 Chapel Street

For Sale by Portfolio Auction
Wednesday 6th August 10:30AM Crown Casino - Garden Room - Melbourne

This property is part of Portfolio 178

Price: Contact Agent

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