2, 93 Cavanagh Street, Cheltenham, VIC 3192

Hotel/Leisure | Retail

Sold $440,000

  • Property ID: 352478
  • Floor Area: 70m²
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A 70m2 N/A N/A
AWARD WINNING TENANT ON A LONG LEASE

This fabulous 70sqm* retail shop has benefited from a substantial fit-out that has transformed the space into an award winning cafe.
Fronting onto Cavanagh St, the property is perfectly positioned to cater for the local community and enjoys easy access to all local amenities.
The cafe occupies 2 shops both of which are for sale and will appeal to investors looking for a strong tenant on a long term lease.
The current rent is $21,905pa nett + GST on a 5 + 5 + 5 year lease starting in 1st April 2016.
The front counter spans both shops with shop 2 used predominantly for seating.
There is one allocated car park at the rear of the property and ample street parking for customers.

All Inquiries Contact John Black 0419341986

*Approx.

Cheltenham Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $5588 $323 5.77%
Industrial $5030 $182 3.62%
Retail $5871 $333 5.66%
This is the average advertised price, rent and yield for Cheltenham, VIC 3192*
* 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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