Cafe in Melbourne's Mulgrave up for sale at Burgess Rawson auction
Prateek ChatterjeeDecember 7, 2020
A cafe/eatery in Melbourne’s Mulgrave will go under the hammer at Burgess Rawson auction on June 29.
The 7/2 Stadium Circuit and Oval Concourse shop has a building area of 257 sqm including mezzanine, with a capital intensive tenant fitout.
The tenant is on a secure 12-year lease plus options through to 2028.
The lease comes with fixed 4 percent increases and the lessee pays the usual outgoings.
The property includes dual alfresco areas and comes with an exclusive seven-day licensed business.
Waverley Park is a Mirvac development with 1,400 dwellings, 3,500 residents and Hawthorn Football Club (AFL) corporate headquarters and training grounds.
Its rental income was $103,415 pa as at Nov 2016.