FORTHCOMING | HIGH QUALITY RETAIL CORNER LEASED TO EXPERIENCED RESTAURATEUR - REGISTER YOUR INTEREST
3 Highly Exposed Street Frontages
New 5 year lease with fixed 4% annual increases
Arguably one of South Melbourne’s most prominent and well exposed corners
An exemplary retail corner that was re-built (to the highest of standards) in 2018 to include 4 immaculately appointed levels, each with their own unique offering and multiple outdoor dining areas
Leased by experienced international restaurateur Mr Jesse Singh, who oversees and operates venues in New York City (Babu Ji), California (Bibi Ji), Sydney (Don’t Tell Aunty) and Melbourne (Daughter In Law & Mrs Singh)
The proven operator taking the world by storm, has secured the property on a new 5 year lease with fixed 4% annual increases, providing a net annual income of $160,825* + GST + Outgoings (after land tax)
The multifaceted retail building is set to incorporate a bottle shop, iconic ‘unauthentic’ Jesse Singh Indian restaurant, corner café and private function space
Arguably one of South Melbourne’s most prominent and well exposed corners with 32 metres* of combined frontage and the benefit of rear council car park
Positioned in the ‘top end’ of South Melbourne and surrounded by hospitality elite ‘Park Street Pasta & Wine’, ‘Bellota Wine Bar’ and ‘Wynyard & James’
Tram stops on every point of the Park/Clarendon Street intersection provide substantial exposure, unparalleled convenience and importantly, guaranteed foot traffic for Jesse Singh’s hottest suburban venue
* Approx
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Tenanted Investment
1. Property Summary
Property Type
Retail
Est. Income
$160,825 p/a
Number Of Tenants
1
Tenant
Mr Jesse Singh
Terms
New 5 year lease with fixed 4% increases
Land Area
114 m² (*approx)
Floor Area
300 m² (*approx)
Selling Method
For Sale
Selling Details
Contact Agent
2. Property Highlights
FORTHCOMING | HIGH QUALITY RETAIL CORNER LEASED TO EXPERIENCED RESTAURATEUR - REGISTER YOUR INTEREST
3 Highly Exposed Street Frontages
New 5 year lease with fixed 4% annual increases
Arguably one of South Melbourne’s most prominent and well exposed corners
An exemplary retail corner that was re-built (to the highest of standards) in 2018 to include 4 immaculately appointed levels, each with their own unique offering and multiple outdoor dining areas
Leased by experienced international restaurateur Mr Jesse Singh, who oversees and operates venues in New York City (Babu Ji), California (Bibi Ji), Sydney (Don’t Tell Aunty) and Melbourne (Daughter In Law & Mrs Singh)
The proven operator taking the world by storm, has secured the property on a new 5 year lease with fixed 4% annual increases, providing a net annual income of $160,825* + GST + Outgoings (after land tax)
The multifaceted retail building is set to incorporate a bottle shop, iconic ‘unauthentic’ Jesse Singh Indian restaurant, corner café and private function space
Arguably one of South Melbourne’s most prominent and well exposed corners with 32 metres* of combined frontage and the benefit of rear council car park
Positioned in the ‘top end’ of South Melbourne and surrounded by hospitality elite ‘Park Street Pasta & Wine’, ‘Bellota Wine Bar’ and ‘Wynyard & James’
Tram stops on every point of the Park/Clarendon Street intersection provide substantial exposure, unparalleled convenience and importantly, guaranteed foot traffic for Jesse Singh’s hottest suburban venue
* Approx
VIRTUALLY INSPECT | SET UP VIDEO MEETING
Remember to mention you found this property on CommercialReady.com.au