Global Trophy Restaurant - 10 Year Net Lease with 4% Annual Increases
Burgess Rawson are delighted to exclusively offer For Sale by Auction this exceptional tenanted investment leased to Lanterne Rooms.
Laterne Rooms is a 212 sqm tenancy with 53 sqm of exclusive outdoor dining on subsidiary title. The stunning fitout has been designed by the notable and mutli award winning Capezio Copland with no expense spared.
The location speaks for itself, Constitution Avenue is the main road linking the CBD - situated just 2 kilometres away, seated within the major corporate and government sector with ASIO, Defence Headquarters (Russell Offices) directly across the road with a multitude of other National Government entities. The Lanterne Rooms is within walking distance to some of Canberra’s leading tourist attractions such as The War Memorial and Lake Burley Griffin. Conveniently located between the employment hubs of Civic & Russell with roughly 10,000 people working within the area.
Lanterne Rooms is a Global sensation as part of the Internationally famous Chairman Group. Servicing both the elite of politics from every Prime Minister down to the locals and families who call this restaurant a favourite. You have a once in a lifetime opportunity to own a high performing, destination, long standing and awarded tenanted investment.
Secured by a 10 year fully net lease with 4% increase and 100% of outgoings by tenant will ensure you a sustained and long term secure investment.
Highlights include:
The Chairman Group owns and operates 6 restaurants globally
The Chairman Hong Kong is number one on Asia's 50 Best Restaurants
Area: 212 sqm internal with 53 sqm of exclusive outdoor dining (over $200,000 on the outdoor alone)
Strong 4% annual rent increases
100% outgoings by tenant including management
10 year net lease with options to 2042
Lessee: The Small Premium Wine Co Pty Ltd
Lease Term: 10 Year net lease
Lease Commencement: 1 Feb 2022
Lease Expiry: 31 Jan 2032
Increases: 4% Rent Reviews
Option: 2 x 5 year options
Net Income: $144,160 pa + GST
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