- Address: 182 Mount Dandenong Road Ringwood East VIC 3135
- Land Area: 399 sqm*
- Floor Area: 296 sqm*
- Property type: Shop & Retail • Development Sites & Land • Offices
- Offer type: For Sale
- City: Ringwood East
- Post Code: 3135
- Features: 10 year lease returning $75k PA ++ , 3% fixed increases and 6 month bond , Industry renowned and award winning tenant
MIXED USE ESSENTIAL SERVICE FREEHOLD INVESTMENT SECURELY LEASED FOR 10 YEARS TO INDUSTRY RENOWNED OPERATOR
- 10 YEAR LEASE RETURNING $75,000PA ++
- 3% FIXED INCREASES & 6 MONTH BOND
- INDUSTRY RENOWNED & AWARD WINNING TENANT
Jones Real Estate is pleased to present 182 Mount Dandenong Road, Ringwood East– For Sale via Public Auction on Friday 11th December 2020 at 1pm.
“Juliette Coffee & Bread” – is the brainchild of highly regarded and industry renowned “Only Hospitality Group” led by serial entrepreneur and businessman Julien Moussi. With multiple locations throughout metropolitan Melbourne, “Juliette Coffee & Bread Ringwood East” is destined to become the best performing store for the group, with record numbers and sales by comparison.
The simple yet unique offering of outstanding coffee and delicious baked goods offers a new and exciting commercial premises together with outstanding 3-bedroom residence located in the leafy and sought-after suburb of Ringwood East.
Key highlights of this blue chip, diversified investment opportunity include;
- Securely leased to an essential service provider returning $75,000 per annum plus GST and Outgoings
- Outstanding lease covenant trading as “Juliette Coffee & Bread” operated by well renowned, award winning and highly regarded “Only Hospitality Group” led by Julien Moussi.
- A secure and outstanding 10-year initial lease over the entirety of the property including the newly renovated 3 bedroom, 2 bathroom residence – future proofing and diversifying this blue chip investment opportunity for the long term
- Three 5-year optional terms potentially securing the asset until 2045!
- 3% fixed annual rental increases
- A bank guarantee safeguarding the investment equivalent to 6 months rental
- A newly renovated three-bedroom, two-bathroom residence occupied and fully leased by the sole tenant – protecting the Landlord whilst offering mixed use benefits!
- Favourable Commercial 1 Zoning (C1Z) allowing for long term redevelopment^
- Strategically positioned within the heart of the leafy suburb of Ringwood East, nearby Hospitals, Public & Private Schools, Public Transport and major arterial roads
Access to the online data room, containing due diligence information is available upon request.
^Subject to council approval
The property is For Sale by Public Auction on Friday 11th December 2020 at 1pm.
Please contact Jones Real Estate for further information.
+61 458 467 482
+61 488 779 749
+61 402 747 030
+61 432 467 771
- ID: 4338
- Views: 220