An Appetizing Commercial Investment!

Sale Details

Sold on 17 Dec 2019

Description

Leased to a renown indian restaurant Dosa Hut with 19 current franchised venues across Australia, is the opportunity to purchase this value add investment via Private Sale.

This grand restaurant/ function centre has it all, boasting a spacious layout with huge dining and meals areas, dedicated beer garden, full commercial kitchen and ample storage.

Investment Summary
- Tenant: Sri Sita Ram Pty Ltd t/a Dosa Hut Wantirna
- Rent: $95,153.72 per annum plus GST and outgoings as per lease
- Term: Five (5) years plus two further terms of five (5) years
- Lease Commencement: 1st September 2019 (renewed term)
- Review: Annual 4%

Property features include;
- Building area: 700m2*
- Beer Garden
- Function Rooms
- Great exposure to Mountain Highway
- Excellent signage exposure
- Long term lease
- Ample off street parking
- Over 30 car spaces on title

Set amongst the Quality Inn & Suites Knox which is complemented by 52 hotel rooms, the property is situated immediately off the EastLink Freeway on busy Mountain Highway with 24,000* passing vehicles daily.

*Approx.
Pricing excludes GST