George Calombaris' Hellenic Republic, Brunswick East premises for sale

George Calombaris' Hellenic Republic, Brunswick East premises for sale
Jonathan ChancellorAugust 12, 2014

The 100 diner East Brunswick premises of Helenic Republic have been listed for sale.

The initial price guidance was around $1.9 million for the 20 August auction.

It is just the premises for sale as the popular 273 square metre eatery will continue to trade after a newly signed 10-year lease.

The 340 square metre property is at 434 Lygon Street.

It has been listed by Made Establishment through the Killen Thomas agent John Camilleri in conjunction with Chris Kombi at Fitzroys.

Hellenic Republic, with its new 10 year plus 5 and 5 year lease, is offered returning $120,000 per annum plus outgoings and GST 

It comes with a wide corner frontage of about 10 metres to Lygon Street and 35 metres to Stewart Street 

Made Establishment is jointly owned by celebrity chef George Calombaris, restaurant entrepreneur George Sykiotis, and steel industry barons Joe Calleja and Tony Lachimea.

The property traded at $824,000 in late 2007 when bought by George C Pty Ltd and Cerberos Pty Ltd.

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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