25, 132 Keys Road, Cheltenham, VIC 3192

Sold

Sold

POINT OF INTEREST:

Expressions Of Interest Closing 15th April 2021 at 2pm.

Built to service Modus Business Estate that comprises of 25 units, this 88 sqm* retail space is home to Bambam Deli, who have developed a cult following. Beyond their array of 5-star Google reviews online, with people proclaiming to come from as far as the outer Western Suburbs, they provide a healthy rental income just shy of $40,000 per annum. A set and forget investment for the owner, whilst being a memorable eatery for all who come in.

Located just 170 m* off Warrigal Road and surrounded by dozens of major retailers including Bunnings, Sydney Tools, Fantastic Furniture and more, the traffic going past this property from the ever-busy Keys Road will ensure there’s always a foot in the door.

- Building area of 88 sqm*.
- Currently tenanted by Bambam Deli.
- Current rental income of $39,181.08 P.A Net.
- Current term of eight years (commenced 15/01/2018).
- Further term of eight years.
- Security bond of $20,625.
- 4% annual increases.
- Three car spaces.

POINT OF VIEW:

In a city known for great coffee, 75 5-star Google reviews on this tenant proves Melburnians consider them worth it. And 39,181 reasons why they’ll be your favourite local.

*Approx.
Pricing excludes GST

• Lease Term: Eight (8) years
• Rent Review: 4% annual increase.
• Car Spaces: 3 on title.
• Condition: Excellent
• Air Conditioning: Yes - Split System
• Floors: Concrete
• Lifts: N/A
• Age: 2018
• Car Parking Fees: Nil.

• Water Rates: $850 p.a approx.
• Land Tax: Nil.
• Council Rates: $1,270 p.a. approx.
• Owners Corp. / Insurance: $1,700 p.a. approx.
• Other Charges: A/C Maintenance: $790 p.a. approx.