Grandfield Property Group is pleased to offer for sale this premium hospitality freehold investment located at Shop 5, 521 Toorak Road, Toorak VIC 3142.
Situated in the heart of Toorak Village shopping & entertainment precinct, this tenanted investment opportunity offers following key attributes:
*Fully leased to highly rated Cafe & Restaurant tenant 'Botanic Cafe'
*5 years lease from November 2023 with additional options terms until 2038 if exercised
*Strong net annual rent income of $120,000 +GST+Outgoings with fixed annual rent increases
*Area: 240 sqm approx. plus additional licensed area for extra seatings
*Prime shop with premium hospitality fit-out
*Outstanding natural lights with outdoor balcony seating area
*Excellent public transport including tram route 58 and Hawksburn Railway Station in close proximity
*Highly sought after location surrounded by leading national & local retailers, local renowned cafe & restaurants including Woolworth and Coles Local Supermarkets, Commonwealth Bank, Laurent Bakery & Cafe, Cecconi's and Alexanders Cigar Merchants etc.
For Sale by Expressions of Interest closing Tuesday 15th October 2024 at 5pm AEST.
For further information or to arrange a private inspection of the property please contact exclusive selling agent Grandfield Property Group Sales Team.