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Retail 1, Ground Floor, 167 Queen Street, Melbourne, VIC, 3000

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Retail 1, Ground Floor, 167 Queen Street, Melbourne, VIC, 3000

Retail 1, Ground Floor, 167 Queen Street, Melbourne, VIC, 3000

Properties / Sold / Victoria / Melbourne Cbd
Tenanted Investment

1. Property Summary

Selling Method
Sale by Negotiation
Selling Details
Contact Agent
Floor Area
180 m² (*approx)
Property Type
Retail
Sub-type
Cafe/Restaurant
Terms
Recently renewed 10-year lease agreement
Est. Income
$182,498 p/a
Fully Leased
NAMOO Izakaya
Show All

2. Property Highlights

SEASONED INVESTORS: RESTAURANT FIT FOR A QUEEN (STREET).

*OFFERS UNDER REVIEW

Private Sale by Closing Date: Wednesday 21st August 2024 at 3pm unless sold prior.

POINT OF INTEREST:

A specialised CBD retail asset that’s built up a strong customer following for its sashimi, wagyu, and yakitori, Namoo Izakaya has been attracting the (five) stars from all points of Melbourne and beyond. The renowned Japanese café has recently renewed its agreement with a 10-year lease, beginning on the 1st of May 2023 with a current annual rental of $182,497.91 + GST. There are 4% reviews annually plus a $95,513.32 bank guarantee and personal guarantees. A prime ground-floor location, 180 sqm* of building area, and an office building above housing everything from lawyers and physiotherapy to finance and Snap Print Solutions — this is the commercial market’s signature dish. Bustling with local retail, tech services, coffee stops, and workplace suites, the Adina Apartment Hotel is on one corner and the Hilton is on another. The bus interchange sits here too with 7 different bus routes getting on or off at your doorstep, while the Bourke Street trams are a few minutes walk down the road. As is the convenience of the CBD, three railway stations are also within 750 m* of Namoo — Flinders, Southern Cross, and Flagstaff. 

- Leased to renowned Japanese café NAMOO Izakaya.

- $182,497.91 + GST gross annual rental income.

- Recently renewed 10-year lease until 2033.

- $95,513.32 bank guarantee + director guarantees.

- Trading 7 days a week with a 2am liquor licence.

- 180 sqm* total ground-floor building area.

- Major bus interchange on the doorstep with 6 bus routes.

- 50 m* from CBUS Property 1-billion mixed use project.

- 10 min* walk to all major CBD Railway Stations.

- NAMOO Japanese - Instagram

POINT OF VIEW:

Some get into the CBD to be a central office dweller, others establish themselves here to feed them. And this crowd favourite will also be the commercial crowd’s top pick for an FY25 portfolio add-on. 

*Approx.

Pricing excludes GST

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

1. Property Summary

Property Type
Retail
Sub-type
Cafe/Restaurant
Est. Income
$182,498 p/a
Tenant
NAMOO Izakaya
Terms
Recently renewed 10-year lease agreement
Floor Area
180 m² (*approx)
Selling Method
Sale by Negotiation
Selling Details
Contact Agent

2. Property Highlights

SEASONED INVESTORS: RESTAURANT FIT FOR A QUEEN (STREET).

*OFFERS UNDER REVIEW

Private Sale by Closing Date: Wednesday 21st August 2024 at 3pm unless sold prior.

POINT OF INTEREST:

A specialised CBD retail asset that’s built up a strong customer following for its sashimi, wagyu, and yakitori, Namoo Izakaya has been attracting the (five) stars from all points of Melbourne and beyond. The renowned Japanese café has recently renewed its agreement with a 10-year lease, beginning on the 1st of May 2023 with a current annual rental of $182,497.91 + GST. There are 4% reviews annually plus a $95,513.32 bank guarantee and personal guarantees. A prime ground-floor location, 180 sqm* of building area, and an office building above housing everything from lawyers and physiotherapy to finance and Snap Print Solutions — this is the commercial market’s signature dish. Bustling with local retail, tech services, coffee stops, and workplace suites, the Adina Apartment Hotel is on one corner and the Hilton is on another. The bus interchange sits here too with 7 different bus routes getting on or off at your doorstep, while the Bourke Street trams are a few minutes walk down the road. As is the convenience of the CBD, three railway stations are also within 750 m* of Namoo — Flinders, Southern Cross, and Flagstaff. 

- Leased to renowned Japanese café NAMOO Izakaya.

- $182,497.91 + GST gross annual rental income.

- Recently renewed 10-year lease until 2033.

- $95,513.32 bank guarantee + director guarantees.

- Trading 7 days a week with a 2am liquor licence.

- 180 sqm* total ground-floor building area.

- Major bus interchange on the doorstep with 6 bus routes.

- 50 m* from CBUS Property 1-billion mixed use project.

- 10 min* walk to all major CBD Railway Stations.

- NAMOO Japanese - Instagram

POINT OF VIEW:

Some get into the CBD to be a central office dweller, others establish themselves here to feed them. And this crowd favourite will also be the commercial crowd’s top pick for an FY25 portfolio add-on. 

*Approx.

Pricing excludes GST

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

3. Property Location

Retail 1, Ground Floor, 167 Queen Street, Melbourne, VIC, 3000

Property Map
Retail 1, Ground Floor, 167 Queen Street, Melbourne, VIC, 3000 Melbourne Cbd
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