The Property:
* 220 sqm land area
* 192 sqm floor area over two levels
* Activity Centre Zone 1
* Prime corner with 3 frontages
* Classy front dining area plus versatile upstairs and rear of the building
* Highly desirable hospitality fit out
* Structurally sound building currently going through cosmetic upgrades
The Investment:
* Leased to Roza Restaurant
* Tenant commenced in 2008, the current lease was written in 2018
* Current lease expiry April 2030 (6 years and 7 months remaining as at Auction date)
* Plus 1 x further term of 4 years thereafter
* Returning $57,314.51 per annum net
* 3% annual reviews
The Location and Further Info:
* Located at the corner of Sydney Road and Carron Street
* Nearby operators include Ampol Service Station, Ray White Coburg, Coburg Dental Group, Aussie Home Loans, and Central Melbourne Cardiology
* Embedded in one of the most "up and coming" sections of Sydney Road
* Nearby landmark streets such as The Grove & Rennie Street are amongst the most desirable residential streets in Merri-Bek Council area
