POINT OF INTEREST:
For Private Sale By Close Date on the 18th September 2024 at midday UNLESS SOLD PRIOR.
Modern, high-performing, and the only one permitted to operate here — Industry Cafe & Catering has made light work of feeding and caffeinating the hundreds of businesses (and their visitors) within Alliance Business Park. And it’s no standard commercial estate. When the 96 ha* and $144 million industrial and commercial sub-division opened it's last stage all units had been snapped up from the get-go.
The full commercial kitchen serves a 55-seat dining area and 35 covered outdoor alfresco seating area. There are 6 allocated car spaces on-site, but most walk from their properties. It has been long leased to Industry on a 12 year lease with the current agreement expiring on the 26th January 2028. There are further terms of 4 + 4 + 4 years, with $70,036.41 per annum in leasing income. The rent reviews are 4% per annum, with a security bond of 4 months rent + GST. Highly rated and respected amongst the precinct, the eatery consistently receives glowing reviews from tenants and visitors alike.
It’s not all business, either. Around the corner on Cooper Street, you’ll find Epping Plaza Shopping Centre, Costco, Oz Tenpin, and Officeworks. There’s also Northern Epping Hospital, Anaconda, Total Tools, and Bunnings. In other words, every box is ticked within a 2 km* orbit.
There’s investment within every corner of this side of Melbourne, too. The $2 billion New Epping project aims at transforming the former Epping Quarry into a 51-hectare community of residential neighbourhoods, commercial spaces, and a specialty health hub of green spaces and innovation.
- Leased to Amad Group Pty Ltd TA Industry Cafe & Catering
- Liquor License in place.
- $70,036.41 per annum in leasing income.
- Current term: 12 year lease (expiring 26th January 2028)
- Further terms: 4 + 4 + 4 years.
- 364 sqm* total land area.
- 154 sqm* total freehold building area.
- Comprehensive development zoning.
- 6 allocated on-site car spaces.
- 90 indoor and outdoor seating.
- 1 km* to the Hume Freeway.
POINT OF VIEW:
To put it to scale, it’s as if the entire Collins Street and Bourke Street spines of the CBD only had one café to fuel it. The catchment from this business park is as significant as it sounds, and so is the investment opportunity.
*Approx.
Pricing excludes GST
