25/132 Keys Road Cheltenham VIC 3192
- Shop & Retail
- 88 m²
The Key Ingredient For Any Investor.
POINT OF INTEREST:
Expressions Of Interest Closing 15th April 2021 at 2pm.
Built to service Modus Business Estate that comprises of 25 units, this 88 sqm* retail space is home to Bambam Deli, who have developed a cult following. Beyond their array of 5-star Google reviews online, with people proclaiming to come from as far as the outer Western Suburbs, they provide a healthy rental income just shy of $40,000 per annum. A set and forget investment for the owner, whilst being a memorable eatery for all who come in.
Located just 170 m* off Warrigal Road and surrounded by dozens of major retailers including Bunnings, Sydney Tools, Fantastic Furniture and more, the traffic going past this property from the ever-busy Keys Road will ensure there’s always a foot in the door.
- Building area of 88 sqm*.
- Currently tenanted by Bambam Deli.
- Current rental income of $39,181.08 P.A Net.
- Current term of eight years (commenced 15/01/2018).
- Further term of eight years.
- Security bond of $20,625.
- 4% annual increases.
- Three car spaces.
POINT OF VIEW:
In a city known for great coffee, 75 5-star Google reviews on this tenant proves Melburnians consider them worth it. And 39,181 reasons why they’ll be your favourite local.
Pricing excludes GST
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