Swan Street Trophy Investment 100% Tenanted by Hospitality Royalty - Australian Venue Co
Stonebridge Property Group is pleased to present for sale Fargo & Co Richmond (214-216 Swan Street).
The key highlights of the opportunity include:
- 100% leased to world class pub and hospitality giant Australian Venue Co (AVC) boasting a national network of 200+ venues and generating an annual revenue in excess of $1.11Bn (2023)^
- Vendor favoured 10-year net lease with fixed annual increases (2 further 10-year options)
- Recently refurbished 542 sqm* multi-level hospitality venue with valuable 450 patron late night liquor licence allowing flexible retail trade to 1:00am
- Centrally located in one of Australia’s most recognised hospitality precincts – Just 50 m* from East Richmond Train Station, 700 m* from Richmond Train Station and 3 km* from the Melbourne CBD
- Prime location neighbouring world-renowned Melbourne Cricket Ground, Olympic Park (Rod Laver Arena) & AAMI Park - Boasting over 5,200,000* annual visitors
- Commercial 1 zoned freehold landholding with 50 m* triple street frontage allowing for multiple points of entry and exit and providing high levels of retail exposure
- Providing a net annual income of $500,000 + GST* (excluding Land Tax)
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Rorey James
0439 400 081
Nic Hage
0448 782 594
Kevin Tong
0422 848 818
*Approximately
^AFR, 2023 financial report
Property Code: 1043