Spilt Milk Bar Tamworth presents a rare opportunity to secure an outstanding retail investment in one of Australia's strongest regional towns. A brand-new fit-out with 9 additional car spaces provides income security from a trendy hospitality retailer that has now expended across 3 successful regional hospitality locations.
The original Spilt Milk Bar opened in Orange back in 2018, followed by Canberra in 2020, and venue number 3 officially opening in Peel Street, Tamworth in late 2021.
Spilt Milk Bar is a retro inspired old school milk bar very popular amongst our young right through to any age where you are never too old to enjoy delicious ice-cream and gelato. With an eye-catching brand identity, this sweet treat hotspot was designed to balance the nostalgia of classic milk bar vibes with a free-wheeling Australian attitude to create a modern, playful brand - a welcome and refreshing change from an Italo-centric marketplace.
Investment Highlights Include:
- Brand-new 118sqm retail fit-out + 9 car spaces
- New 3 year lease + 3 x 3 year options to 2034
- Significant annual rental increase fixed at 4%
- Annual net income $62,673.58* (+GST)
For more information please contact the exclusive agents below.
For Sale by Public Auction at auctionWorks - Mezz Level, 50 Margaret St, Sydney 27th September 2022