Suite 1, 14 North Concourse, Beaumaris, VIC 3193

Retail | Offices

Sold $4,400,000

  • Property ID: 422549
  • Floor Area: 55m²
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A 55m2 N/A N/A
Bayside Investment with blue chip tenant | 6.4% Net Yield

Here's your chance to secure a piece of the tightly-held Beaumaris Concourse Retail Village.

Currently occupied by "Lobster Cave Nominees Pty Ltd" - a long-term and blue chip tenant who has occupied the premises since 2010 - this is an instantly rewarding and secure investment opportunity in a thriving local bayside shopping destination that's a stone's throw away from Beaumaris beach. The premises have been and will continue to be used as the epicentre of their day-to-day operations of Lobster Cave and their associated businesses.

Property features include:

• Total building area | 55m2*
• Tenant | Lobster Cave Nominees Pty Ltd
• Brand-new lease | 5 years + 5 years
• Income | $31,450 Per Annum plus GST plus Outgoings
• Annual increases | 3% fixed
• Security bond | Two (2) months rental
• Frontage onto North Concourse



About the tenant:

• Lobster Cave has been around since 1987.
• For more than 35 years, Lobster Cave has been the ultimate celebration dining destination, where the atmosphere is relaxed and the love of seafood is serious. Now a household name, Lobster Cave is an institution in Beaumaris, Bayside and beyond.

For more information or to arrange an inspection please contact one of the exclusive agents below:

Ryan Amler | 0401 971 622
George Ganavas | 0478 634 562
Simon Liang | 0451 954 318

*All areas and figures are approximate only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

Beaumaris Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $4101 --- ---
Offices --- $345 ---
This is the average advertised price, rent and yield for Beaumaris, VIC 3193*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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