Beachfront Hospitality Investment!

For Sale - 100, 49 Beach Street, PORT MELBOURNE, VIC 3207

Investment (Retail, Hotel/Leisure)

Overview

Property ID: 15298
Price: Contact Agent
Rent: $90,176.50 (ex. GST)
Building: 240m²
Zoning: Mixed Use

Description

A prime waterfront investment opportunity located in the heart of Port Melbourne and leased to an established restaurant operator.

Originally built in the 1800's this character driven building has been refurbished into a contemporary, modern restaurant, Tenpin Kitchen. You can view more details of the tenant by clicking on the following link tenpinkitchen.com.au.

This outstanding opportunity features:
- Renewed Three (3) year lease plus five (5) options of five (5) years
- Current Rent: $90,176.50p.a. plus outgoings and GST
- Substantial building area of 240m2 with almost 15m frontage to Beach Street
- Large basement area on title including 6 car spaces and storage
- High profile corner position with signage rights

The property is located on the corner of Beach Street and Nott Street in Port Melbourne overlooking Port Melbourne Beach, Port Melbourne Yacht Club and Station Pier adjacent to the Bay Street Shopping Precinct and just 3km from the Melbourne CBD.


*Approx
Pricing excludes GST.

Plans & Documents

Additional Info

Features
Occupancy Tenanted: Doublass Pty Ltd trading as Tenpin Kitchen
Lease Term 3+5+5+5+5+5 years
Rent Review CPI or 3% whichever is the greater annually
Commenced 1st January 2019
Bonds / Guarantees 3 months rent plus directors guarantees
Car Spaces 6 basement car spaces on title
Car Parking Fees N/A
Outgoings
Outgoings Payable Tenant pays all outgings recoverable by law

Agent Details

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