2 & 3, 93 Cavanagh Street, Cheltenham, VIC 3192

Retail | Hotel/Leisure

For Sale Contact Agent

  • Property ID: 382352
  • Floor Area: 140m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
EXCELLENT TENANTED RETAIL INVESTMENT

This fabulous 140sqm* pair of retail shops (70sqm* each) have benefited from a substantial fit-out that has transformed the spaces into an award winning cafe.
Fronting onto Cavanagh St, the properties are perfectly positioned to cater to the local community and enjoy 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 front counter spans both shops with shop 2 used predominantly for seating and shop 3 used for the kitchen, food preparation and seating..
There is one allocated car park at the rear of the property per shop and ample street parking for customers.
The current rent for shop 2 is $21,905pa nett + GST on a 5 + 5 + 5 + 5 + 5 year lease starting on 1st April 2016.
The current rent for shop 3 is $23,000pa nett + GST on a 5 + 5 + 5 + 5 + 5 year lease starting on 1st April 2016.
This is an opportunity not to be missed with an excellent long term tenant, and a great return.

All Inquiries Contact John Black 0419341986

*Approx.

Cheltenham Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $6118 $199 3.25%
Industrial $4612 $127 2.74%
Offices $4523 $229 5.06%
This is the average advertised price, rent and yield for Cheltenham, VIC 3192*

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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