Gross Waddell ICR is pleased to offer 43 Rose Street, Essendon to the market, presenting a rare opportunity to acquire a prime commercial property in a highly sought-after location with excellent tenant credentials for investment.

Property Highlights:

• Building Area: 205 sqm*
• Land Area: 345 sqm*
• Commercial 1 Zone (C1Z)

Lease Details:

• Tenant: Known as The Last Stop Wine Bar and Restaurant
• Rental: $86,363* p.a. + GST + Outgoings
• Term: Five (5) Years
• Commencement Date: 5th July 2024
• Further Term: + Five (5) Years + Five (5) Years
• Reviews: 4% on the commencement date of each term
• Outgoings paid by tenant
• General Liquor Licence
• Permitted for 150 patrons and outdoor dining

Property Description:

• Well positioned in a highly sought-after retail strip, surrounded by well-known cafes such as Rose St Café, Benny and Me, & Bowl's Baby.
• These are well-established businesses with high profiles, featured on many TV shows.
• Situated opposite the Essendon railway station and bus stop, with trams just a short stroll from the retail strip.
• The shop enjoys a substantial permit for outdoor dining on the front footpath, with good cover, sun shelters, and heating.
• The rear has been recently extended into a function space, supported by excellent new modern toilet facilities.
• The kitchen is well equipped with excellent commercial features, including two large cool rooms and stainless steel preparation space.
• The fitout includes a full bar facility & a front counter for bottle shop retail sales.

*approx

For more information or organise an inspection, please contact below agent directly.

 For further information, or an inspection of the premises, please contact an agent.