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Melbourne CBD Restaurant Investment New Lease to Longstan...

104, 129A & 1327/33-71 Spencer Street, MELBOURNE VIC, 3000

For Sale

Property for Sale in 104, 129A & 1327/33-71 Spencer Street, MELBOURNE VIC, 3000

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11385572
Status:
Active
For:
Sale
Price:
Price on Request
Last Updated:
10/07/2020
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Property Type

Hotel/Leisure/Retail/Offices
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Land Area

350 SQM
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Floor Area

350 SQM
Icon parking

Parking

N/A

Melbourne CBD Restaurant Investment New Lease to Longstanding Operator

+ Brand new 4 year lease to January 2024 with options to 2036.
+ Fixed 3% rent increases ensuring rental growth.
+ Gaylord Restaurant: Melbourne’s longest running Indian restaurant in operation since 1985.
+ Tenant pays usual outgoings as per Lease.
+ Prime position at the ground floor of Melbourne’s Grand Hotel incorporates restaurant with dual entrances and alfresco area.
+ Highly experienced tenant with multiple income streams including hotel catering, restaurant & conference facility.
+ Net Income: $256,257 pa + GST.

For Sale

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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