SOLD | $1,555,000 – 4.58% YIELD

63 Stanley Ave, Mount Waverley VIC 3149, Australia
  • Address: 63 Stanley Ave Mount Waverley VIC 3149
  • Property type: Retail & Investment
  • Offer type: Transactions
  • City: Mount Waverley
  • Post Code: 3149

Overview

A 10 YEAR LEASE TO AN ICONIC OPERATOR

63 Stanley Ave, Mount Waverley VIC 3149, Australia

For Sale via onsite Public Auction on Friday 16 August 2019 at 1pm

Located at the intersection of Stanley Avenue and Ian Grove, a tightly held retail strip in Melbourne’s south east, the property is home to the well renowned café “Stanley”.

Stanley was founded by Julien Moussi, Kristy- Lea Moussi and Stuart Deva, Melbourne hospitality icons whom have built some of Australia’s award winning and premier venues including Tinker, MOB, Legacy, Bentwood, Winter, Clubhouse and Penta.

Key highlights of this remarkable investment opportunity include;

• Securely leased for 10 years to an iconic hospitality operator with options to 2038
• Returning $71,240 per annum plus GST plus Outgoings
• Six (6) month security bond
• 4% fixed annual increases
• Architecturally designed by award winning Ritz & Ghougassian Architects
• Total site area of 185sqm
• Commercial 1 Zone (C1Z)
• Exceptionally strong lease covenant with tenant generating $1,500,000 in revenue within the first 12 months of trading.

*Approx

Please contact Jones Real Estate for a copy of the Information Memorandum or further details

Paul Jones
Director
+61 488 779 749
Paul.Jones@Jonesre.com.au

Tim Spargo
Senior Executive
+61 402 747 030
Tim.Spargo@Jonesre.com.au

Sam Guest
Executive
+61 458 467 482
Sam.Guest@Jonesre.com.au

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