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54/137 Mountain Highway, WANTIRNA VIC, 3152

Sold
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Property Sold in 54/137 Mountain Highway, WANTIRNA VIC, 3152

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000

Listing ID:
11362287
Status:
Sold
Last Updated:
20/12/2019
Price:
Contact Agent
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Property Type

Hotel/Leisure/Retail
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Land Area

N/A
Icon size

Floor Area

700 SQM
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Parking

N/A

An Appetizing Commercial Investment!

Leased to a renown indian restaurant Dosa Hut with 19 current franchised venues across Australia, is the opportunity to purchase this value add investment via Private Sale.

This grand restaurant/ function centre has it all, boasting a spacious layout with huge dining and meals areas, dedicated beer garden, full commercial kitchen and ample storage.

Investment Summary
 - Tenant: Sri Sita Ram Pty Ltd t/a Dosa Hut Wantirna
 - Rent: $95,153.72 per annum plus GST and outgoings as per lease
 - Term: Five (5) years plus two further terms of five (5) years
 - Lease Commencement: 1st September 2019 (renewed term)
 - Review: Annual 4%

Property features include;
 - Building area: 700m2*
 - Beer Garden
 - Function Rooms
 - Great exposure to Mountain Highway
 - Excellent signage exposure
 - Long term lease 
 - Ample off street parking
- Over 30 car spaces on title

Set amongst the Quality Inn & Suites Knox which is complemented by 52 hotel rooms, the property is situated immediately off the EastLink Freeway on busy Mountain Highway with 24,000* passing vehicles daily. 

 *Approx.
Pricing excludes GST

For more details, please email agent

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000


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