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2/71 Lygon Street, BRUNSWICK EAST, VIC, 3057

+6 Photos

+8 Photos

SOLD

2/71 Lygon Street, BRUNSWICK EAST, VIC, 3057

Properties / Sold / Victoria / Brunswick East

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

124 m² (*approx)

Floor Area

124 m² (*approx)

Property Type

Retail

Sub-type

Strip Retail, Cafe/Restaurant

Terms

Renewed lease plus options to 2030

Est. Income

$30,000 p/a

Show All

2. Property Highlights

Trendy City Fringe Restaurant | In the Heart of Bustling Brunswick | $500K Buyers

Renewed Lease plus options to 2030
Tenant pays all usual outgoings
Modern 124sqm* restaurant

Burgess Rawson is pleased to offer to the market Halikarnas, located in Brunswick East VIC, which will feature in our Investment Portfolio Auction 157.

This investment has the following key investment highlights:

+Renewed lease plus options to 2030.

+Halikarnas: established and popular Turkish & Mediterranean restaurant and cafe.

+Attractive net lease with tenant paying all usual outgoings as per the lease agreement.

+Annual rent reviews.

+Modern 124sqm* restaurant with grease trap and extraction provisions.

+Strategically located on Lygon Street supported by high density multi-level apartments.

+Lygon Street: major metropolitan arterial with 22,000 vehicles passing daily.**

+Brunswick: in demand, city fringe growth suburb with the median house price up 21% since January 2021 and only 3.5km* from Melbourne CBD.***

+Net Income: $30,000 pa* + GST

For Sale by Investment Portfolio Auction

10:30am (AEST) Wednesday 7 December 2022

Crown Casino - River Room

*approx.

**Gap Maps.

***Realestate.com.au

Remember to mention you found this property on CommercialReady

Property Type

Retail

Sub-type

Strip Retail, Cafe/Restaurant

Est. Income

$30,000 p/a

Terms

Renewed lease plus options to 2030

Land Area

124 m² (*approx)

Floor Area

124 m² (*approx)

Selling Method

Auction

Selling Details

Price on Request

2. Property Highlights

Trendy City Fringe Restaurant | In the Heart of Bustling Brunswick | $500K Buyers

Renewed Lease plus options to 2030
Tenant pays all usual outgoings
Modern 124sqm* restaurant

Burgess Rawson is pleased to offer to the market Halikarnas, located in Brunswick East VIC, which will feature in our Investment Portfolio Auction 157.

This investment has the following key investment highlights:

+Renewed lease plus options to 2030.

+Halikarnas: established and popular Turkish & Mediterranean restaurant and cafe.

+Attractive net lease with tenant paying all usual outgoings as per the lease agreement.

+Annual rent reviews.

+Modern 124sqm* restaurant with grease trap and extraction provisions.

+Strategically located on Lygon Street supported by high density multi-level apartments.

+Lygon Street: major metropolitan arterial with 22,000 vehicles passing daily.**

+Brunswick: in demand, city fringe growth suburb with the median house price up 21% since January 2021 and only 3.5km* from Melbourne CBD.***

+Net Income: $30,000 pa* + GST

For Sale by Investment Portfolio Auction

10:30am (AEST) Wednesday 7 December 2022