43 Rose Street , Essendon

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Gross Waddell ICR is delighted to present an attractive investment opportunity, 43 Rose Street, Essendon for sale.

Property Description:

• Excellent location in Rose street Essendon a very popular local location. This area has very well known cafes being the Rose st café and Benny and Me.
• These are big drawcard established business with a high profile and featured on many TV shows.
• Situated opposite the Essendon railway station and bus stop. With Trams a short stroll from the shop and shopping centre.
• 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 enjoys excellent commercial features with two large cool rooms and stainless steel preparation space.
• The fitout includes a full bar facility and front counter for bottle shop retail sales.

Property Highlights:

• Current lease is a 5 year with 5 year option
• Lease commencement date 1st March 2020
• Expires 2025
• Rent increase of 2% annually or CPI which ever is greater.
• Use is retail shop/wine bar/restaurant known as The Last Stop Wine Bar
• Current rental is approx. $89,000pa
• Commercial 1 zoning
• Outgoings total approx. $11,075pa paid by tenant including land tax.
• Permit for 150 patrons.

For more information or organise an inspection, please contact Gross Waddell ICR's exclusive agent directly.

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Level 1, 30 Collins Street
Melbourne VIC 3000