POINT OF INTEREST: 25/132 Keys Road, Cheltenham
John Nockles and David Napoleone of CVA have sold a café investment located with Modus Business Estate comprising 25 properties. Leased to BamBam Eatery who has developed a cult following in the Bayside commercial area, the investment sold competitively via EOI with over 40 enquiries through out the campaign for a 5.5% yield.
- Building area of 88 sqm*.
- Currently tenanted by Bambam Deli.
- Current rental income of $39,181.08 P.A Net.
- Current term of eight years (commenced 15/01/2018). - Further term of eight years.
- Security bond of $20,625.
- 4% annual increases.
- Three car spaces.
Located just 170 m* off Warrigal Road and surrounded by dozens of major retailers including Bunnings, Sydney Tools, Fantastic Furniture and more, the traffic going past this property from the ever-busy Keys Road will ensure there’s always a foot in the door.
If you have any queries please do not hesitate to contact the undersigned.
Yours faithfully,
John Nockles
Director- Agency
E: [email protected] M: 0404 530 393
David Napoleone
Sales & Leasing Executive- Southern Region
E: [email protected] M: 0425 740 922
