Little Temperance cafe leases Little Collins Street space
Staff reporterDecember 7, 2020
A Little Collins Street space in Melbourne’s CBD has attracted strong demand from a range of operators.
Fitzroys agent Terence Yeh leased the 38 sqm Shop 3, 188 Little Collins Street to Little Temperance café on a 5+5-year deal at $90,000 per annum net, with 4% annual increases.
Yeh said the typical rate for a similar space would be around $1,800 per sqm, but a rate of $2,368 per sqm was achieved.
“More than 60 enquiries were received from hospitality, fashion and service retail operators, looking to capitalise on the CBD worker population and the rapidly growing residential catchment in central Melbourne,” he said.
Yeh negotiated the deal on behalf of a private investor.
