Renewed 5 Year Lease to 2029 Plus Options | Established and Successful Cafe over 30+ Years

Description

Burgess Rawson from CBRE is pleased to offer to the market ‘Riverside Deli & Coffee House’, located at Shop 1, 474 Flinders Street, Melbourne CBD VIC , for sale via Private Treaty.

This opportunity has the following key investment highlights:

+ Renewed five (5) year net lease to August 2029.
+ Two (2) further five (5) year options to August 2039.
+ Riverside Deli & Coffee House: long established and successful Melbourne cafe in operation for 30+ years.
+ Prominent corner premises with frontage and exposure to both Flinders Street and Highlander Lane.
+ Valuable Flinders Street frontage within Melbourne’s iconic tourist precinct with over 25,000 vehicles passing daily.(1)
+ Directly opposite the historic Sea Life Melbourne Aquarium, ranked amongst the top Melbourne tourist destinations with over 10 million visitors each year.
+ Annual CPI rent reviews.
+ Tenant pays usual outgoings as per the lease.
+ Position perfect: central to major Melbourne landmarks, including Flinders Street Station, Crown Casino, Exhibition Centre and Marvel Stadium, all within 500m*.
+ The City of Melbourne: by 2041, the number of people living in the city is expected to double and reach 308,000.(2)
+ Net Income: $76,705 pa* + GST (As of September 2025)^

To be sold via Private Treaty.

Please contact the exclusively appointed team for more information.

* Approx
^ Assuming a 2% CPI increase
(1) Gapmaps
(2) Forecast.id

Enquire

Contact agents
Shaun Venables Partner
0411 860 865
Hamish Bowen Sales Cadet
0413 856 984
Paul Tran Associate Executive
0413 860 317
Enquiry Form

Melbourne, VIC

Shop 1/ 474 Flinders 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

View Portfolio
Contact agents
Enquire