Melbourne CBD basement rents at $300 a square metre plus
Jonathan ChancellorDecember 7, 2020
New Zealand celebrity chef Martin Bosley will take on a role of executive head chef at a Melbourne CBD restaurant, following agreed terms on a new lease in Little Collins Street.
Bosely will head the new Imagine Lounge Bar & Dining seafood speciality enterprise at the 450 square metre former Sotto Restaurant lease, located in the basement of the Causeway Hotel at 353 Little Collins Street, on a 10 year term.
According to Savills Australia Victorian retail director, Michael Di Carl, CBD basement rents are in the order of $300 to $400 a square metre net.
Di Carlo said Bosley’s deputy of 11 years Shawn (Shamis) Roper would take the role as head chef.
He said Image Lounge represented a new venture for lessor, restaurateur Nindy Singh.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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