54, 137 Mountain Highway, Wantirna, VIC 3152

Hotel/Leisure | Retail

Sold

  • Property ID: 346281
  • Floor Area: 700m²
  • NBN Availability: Build Commenced
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold N/A 700m2 N/A Contact Agent
An Appetizing Commercial Investment!

Leased to a renown indian restaurant Dosa Hut with 19 current franchised venues across Australia, is the opportunity to purchase this value add investment via Private Sale.

This grand restaurant/ function centre has it all, boasting a spacious layout with huge dining and meals areas, dedicated beer garden, full commercial kitchen and ample storage.

Investment Summary
- Tenant: Sri Sita Ram Pty Ltd t/a Dosa Hut Wantirna
- Rent: $95,153.72 per annum plus GST and outgoings as per lease
- Term: Five (5) years plus two further terms of five (5) years
- Lease Commencement: 1st September 2019 (renewed term)
- Review: Annual 4%

Property features include;
- Building area: 700m2*
- Beer Garden
- Function Rooms
- Great exposure to Mountain Highway
- Excellent signage exposure
- Long term lease
- Ample off street parking
- Over 30 car spaces on title

Set amongst the Quality Inn & Suites Knox which is complemented by 52 hotel rooms, the property is situated immediately off the EastLink Freeway on busy Mountain Highway with 24,000* passing vehicles daily.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Lease Term: Five (5) Years plus Three (3) further terms of Five(5) Years
  • Rent Review: Fixed at 4% annually with market reviews between lease terms
  • Car Spaces: Ample on site
Wantirna Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $150 ---
Retail --- $181 ---
Offices --- $181 ---
This is the average advertised price, rent and yield for Wantirna, VIC 3152*
* 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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