EXCELLENT TENANTED RETAIL INVESTMENT
2 & 3, 93 Cavanagh Street, Cheltenham, VIC 3192
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.