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104 Fletcher Street, Essendon, VIC, 3040

2. Property Highlights

Popular Corner Café Investment
  • Securly Leased Corner
  • Popular Local café
  • Rental Income $88,167 p.a.

Gross Waddell ICR is delighted to present an exciting investment opportunity at 104 Fletcher Street, Essendon, available for sale via Auction on Wednesday 20th March at 3pm on-site.

This well-located corner café sits at the intersection of Napier Street and Fletcher Street, in the heart of Essendon. Conveniently situated just a short walk from Penleigh and Essendon Grammar School, Windy Hill Football Oval, and directly across from Essendon train station, the property offers easy access to Melbourne's CBD and major freeways.

The premises are currently leased to Assembly Ground, a thriving and popular café with a strong track record of providing excellent service, food, and coffee over the years. The two-level building benefits from a prime position and corner exposure, making it a solid investment opportunity.

This rare retail investment is a valuable addition to any property portfolio, given its prime location and the stability provided by the secure lease with Assembly Ground. Consider this opportunity as a noteworthy and infrequent chance to enhance your investment portfolio with a prime corner investment.

Key Highlights:

- Rent: $88,167* p.a. +GST +Outgoings

- Term: five (5) years

- Commencement date: 19th September 2020

- Reviews: 4% annual increase during the term

- 20 years of options – 5 + 5 + 5 + 5 years

- Two level building with prominent corner location

- Building area: 277 sqm*

- Land area: 215 sqm*

- Existing driveway access via Fletcher Street providing off street parking rear access to the property.

- Commercial 1 Zoned (C1Z) land

- Directly opposite Essendon Train Station

- 10 kms* to Melbourne CBD

- 13 kms* from Melbourne Internation Airport

- Easy access to major arterials such as Tullamarine Freeway (M2)


For Sale via Public Auction on Wednesday 20th March at 3pm on-site.

Sale Terms: 10% Deposit, 60 days settlement

To receive more information or to organise a private inspection, please contact Gross Waddell ICR's sales agents.

Remember to mention you found this property on CommercialReady

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3. Property Location

104 Fletcher Street, Essendon, VIC, 3040

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