WELCOME HOME

Essendon's preeminent shopping strip provides the perfect setting for this prime commercial property presenting a rare and exciting opportunity for investors seeking healthy returns, attractive lease terms and outstanding capital growth prospects. Surrounded by established high-profile businesses along with the convenience of Essendon Station across the road, the prominence and strategic value of this property both now and into the future cannot be overstated.

THE FINER POINTS

· Land size approx 345sqm

· Building area approx 205sqm

· Commercial 1 zoning (C1Z)

· Wine bar/restaurant with beer garden and cellar door

· 5-year lease in place from July 5, 2024

· Two further 5-year lease options

· 4% increase at the beginning of each term

· $95,000 rent per annum plus GST

· Outgoings paid by the tenant

· General liquor licence in place

· Permit for 150 patrons

· Commercial-grade kitchen

· Two cool rooms

· Refurbished in 2020-2021

FINAL WORD

Buy on Rose and see how your investment grows.