CAFE INVESTMENT TO BANK ON!
Sold - 270 Queens Parade, Fitzroy North
Investment opportunity, Retail, Hotel/Leisure
Sale Details
Sold on 02 May 2013 for $940,000
| Building Area | 123m² |
|---|---|
| Rate | $7,642 per m² |
| Yield: | 5.17% |
Overview
| Sale History ID: | 20418 |
|---|---|
| Property ID: | 8500 |
| Advertised Price: | $940,000 |
|---|
Description
This outstanding investment opportunity forming part of the iconic former National Bank of Australasia building on the corner of Queens Parade and Delbridge Street is securely leased to an experienced cafe operator on a 10+5+5 year lease from July 2008.
This outstanding period property retains all of the original features including ornate ceilings and ceiling roses and the original bank vault.
The property includes approximately 123m2 of prime retail space in the popular Queens Parade shopping/cafe precinct as well as two basement car spaces on title in the adjoining residential development.
This secure retail investment in this excellent growth precinct would make an outstanding addition to any investment portfolio.
For more information please visit http://www.270queensparadefitzroynorth.com.au/
Additional Info
| Features |
|---|
| Tenancy | Kelly Gang Cafes Pty Ltd Trading as two:bob cafe |
|---|---|
| Lease Term | 10+5+5 years |
| Commenced | 1st July 2008 |
| Rent Review | 3%p.a. Market review every 5 years |
| Bond/Guarantees | 2 months bond plus personal guarantees |
| Outgoings Payable | By tenant |
| Car Spaces | 2 basement on title |
| Zoning | Residential 1 |
| Outgoings |
|---|
Agent Details
Bradley Ellul
M | 0418 136 612
T | (03) 9623 2567
E | [email protected]