PRIME LOCATION + HIGH FOOT TRAFFIC + NEW LEASE TO PROVEN FRANCHISE BUSINESS
Gross Waddell ICR is delighted to present a remarkable investment opportunity at 7 Paisley Street, Footscray, which combines a coveted location, a new lease with an established franchise business.
This property offers a range of compelling features:
• New five (5) year Lease with a further five (5) year option
• Gross Lettable Area - 241sqm* + Rear Lane Access
• In the heart of Footscray’s Retail Precinct
Key Investment Highlights:
Securely leased to "New York Minute," one of Melbourne's leading burger chains, with a strong presence of six (6) stores across Melbourne CBD and Metropolitan areas.
The property boasts a new 5-year lease (Commenced 13/4/23), with an additional option through to 2033.
Expect a stable and attractive rental income of $68,182* per annum net, with fixed annual increases of 4%.
Enjoy the benefits of an Activity Centre Zone (ACZ1), complemented by rear lane access.
This property is strategically located in a tightly held retail precinct, offering immediate access to public transportation, including buses, Tram and Footscray Train Station.
Situated approximately 5 km’s west of Melbourne's central business district (CBD) with ease of access to major arterials.
For further details or to schedule an inspection, please don’t hesitate to contact Gross Waddell ICR directly.
(*All figures are approximate.)