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
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
43 Rose Street, Essendon, VIC, 3040