Betty's Burgers the new tenant in Melbourne CBD’s Elizabeth St

The 97 Elizabeth Street heritage building in Melbourne’s CBD has a new tenant in a burger outlet.

Noosa-based Betty’s Burgers have taken a lease on the ground floor, with the 180 sqm space to be made into its Victorian flagship site. 

Fitzroys agents Rick Berry and Jordan Ceppi brokered the lease.

Betty’s Burgers first expansion was into Surfers Paradise on the Gold Coast, with the Elizabeth Street set to be their third outlet, and first outside of Queensland. 

Berry said market rates for large shops such as this, in this section of Elizabeth Street, are at circa $2,000 per sqm. He didn’t reveal the exact lease amount.

The seven-year deal includes 3.5% increases at reviews and begins from August 15. 

“This former Laura Ashley store is well-positioned in a key CBD retail precinct, with wide frontage to Elizabeth Street,” Berry said.