43 Rose Street, Essendon, VIC, 3040

Gross Waddell ICR is pleased to offer 43 Rose Street, Essendon to the market, presenting a rare opportunity to acquire a prime commercial property in a highly sought-after location with excellent tenant credentials for investment.

Property Highlights:

• Building Area: 205 sqm*

• Land Area: 345 sqm*

• Commercial 1 Zone (C1Z)

Lease Details:

• Tenant: Known as The Last Stop Wine Bar and Restaurant

• Rental: $86,363* p.a. + GST + Outgoings

• Term: Five (5) Years

• Commencement Date: 5th July 2024

• Further Term: + Five (5) Years + Five (5) Years

• Reviews: 4% on the commencement date of each term

• Outgoings paid by tenant

• General Liquor Licence

• Permitted for 150 patrons and outdoor dining

Property Description:

• Well positioned in a highly sought-after retail strip, surrounded by well-known cafes such as Rose St Café, Benny and Me, & Bowl's Baby.

• These are well-established businesses with high profiles, featured on many TV shows.

• Situated opposite the Essendon railway station and bus stop, with trams just a short stroll from the retail strip.

• The shop enjoys a substantial permit for outdoor dining on the front footpath, with good cover, sun shelters, and heating.

• The rear has been recently extended into a function space, supported by excellent new modern toilet facilities.

• The kitchen is well equipped with excellent commercial features, including two large cool rooms and stainless steel preparation space.

• The fitout includes a full bar facility & a front counter for bottle shop retail sales.

*approx

For more information or organise an inspection, please contact below agent directly.

Remember to mention you found this property on CommercialReady