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T5/55-63 Nicholson Street, BRUNSWICK EAST, VIC, 3057

+10 Photos

+12 Photos

SOLD

T5/55-63 Nicholson Street, BRUNSWICK EAST, VIC, 3057

Properties / Sold / Victoria / Brunswick East

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Floor Area

119 m² (*approx)

Property Type

Offices, Retail, Child/Healthcare

Sub-type

Cafe/Restaurant, Office Suites, Consulting Rooms

Terms

Secure 7 year lease to Jan 2028 plus options to 2043

Fully Leased

Mary Miller Café

Show All

2. Property Highlights

Trendy City Fringe Cafe in The Heart of Bustling Brunswick

New 7 year lease to 2028
Fixed 3% rent increases
Tenant pays all usual outgoings

+ Secure 7 year lease to Jan 2028 plus options to 2043.

+ Mary Miller Café: established and highly rated operator boasting 269 4.6 star reviews on Google.

+ Modern 119sqm café positioned in award winning ‘Nightingale’ Development.

+ Fixed 3% rent increases ensuring growth.

+ Tenant pays all usual outgoings.

+ Single tenant minimum management investment.

+ An abundance of surrounding proposed and commenced residential/ mixed use developments providing additional future population to the immediate vicinity.

+ Substantial tax depreciation benefits.

+ Brunswick population is estimated to grow by 19.6% to 36,794 residents by 2031.

+ Brunswick: An in demand, high density city fringe ‘capital growth’ suburb only 3.5km to the Melbourne CBD.

+ Net Rent $45,675 pa + GST.

For Sale by Investment Portfolio Auction

10:30am (AEDT) Wednesday 30 March 2022

Crown Casino, Melbourne.

Remember to mention you found this property on CommercialReady.com.au

Property Type

Offices, Retail, Child/Healthcare

Sub-type

Cafe/Restaurant, Office Suites, Consulting Rooms

Tenant

Mary Miller Café

Terms

Secure 7 year lease to Jan 2028 plus options to 2043

Floor Area

119 m² (*approx)

Selling Method

Auction

Selling Details

Price on Request

2. Property Highlights

Trendy City Fringe Cafe in The Heart of Bustling Brunswick

New 7 year lease to 2028
Fixed 3% rent increases
Tenant pays all usual outgoings

+ Secure 7 year lease to Jan 2028 plus options to 2043.

+ Mary Miller Café: established and highly rated operator boasting 269 4.6 star reviews on Google.

+ Modern 119sqm café positioned in award winning ‘Nightingale’ Development.

+ Fixed 3% rent increases ensuring growth.

+ Tenant pays all usual outgoings.

+ Single tenant minimum management investment.

+ An abundance of surrounding proposed and commenced residential/ mixed use developments providing additional future population to the immediate vicinity.

+ Substantial tax depreciation benefits.

+ Brunswick population is estimated to grow by 19.6% to 36,794 residents by 2031.

+ Brunswick: An in demand, high density city fringe ‘capital growth’ suburb only 3.5km to the Melbourne CBD.

+ Net Rent $45,675 pa + GST.

For Sale by Investment Portfolio Auction

10:30am (AEDT) Wednesday 30 March 2022

Crown Casino, Melbourne.

Remember to mention you found this property on CommercialReady.com.au

Tenanted Investment