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11 Commercial Road
Melbourne VIC 3004
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Teska & Carson

11 Commercial Road Melbourne VIC 3004

  • Shop & Retail
  • 43 m²
  • Commercial Auction

SECURELY LEASED INVESTMENT OPPORTUNITY TO SPUDBAR - 7 YEAR LEASE

  • 7 year lease + 5 year option
  • Company head lease to SpudBAR
  • Densely populated catchment

Teska Carson are pleased to offer SpudBAR, 11 Commercial Road, Melbourne, for Sale by Public Auction on Friday 1st March at 12pm on-site.

Key attributes of this exceptional opportunity include:

- Brilliant investment that is securely leased to highly popular healthy food business SpudBAR, that has 16 locations throughout Victoria and ACT.

- 7 year lease (commenced September 2022) with further 5 year option

- Annual income of $54,600 + GST & Outgoings

- 5% annual increases

- Two (2) on-title car spaces

- Situated underneath the Chevron Green mixed use development, surrounded by a diverse mix of high performing food and beverage retailers that services local residents and business workers along St Kilda Road and the Alfred Hospital.

- Commercial 1 zoning

- Surrounded by excellent amenity such as Fawkner Park, Albert Park and nearby Botanical Gardens.

- Close proximity to public transport amenities including Tram Routes 72, 3, 5, 6, 16, 64 & 67 and  Bus Routes 603 & 604 whilst being only 4 km from Melbourne’s CBD

- Property’s location allows it to benefit from over 42,000+ passing vehicles daily.

Please call for further information or to arrange an inspection.

Luke Bisset 0400 344 211
Matthew Feld 0415 803 348

Auction date and time01/03/2024 12:00
Auction location11 Commercial Road, Melbourne VIC

Property Highlights

Floor Area43 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityAsk Agent
Property ID2019025039
Category
Last updated  1 Feb 2024
Map for 11 Commercial Road Melbourne VIC 3004

Property Highlights

Floor Area43 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityAsk Agent
Property ID2019025039
Category
Last updated  1 Feb 2024

Co-Agents

Luke Bisset
Luke Bisset
Teska & Carson
Call
0400 344 211
Matthew Feld
Matthew Feld
Teska & Carson
Call
0415 803 348

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