36 Chapel Street Windsor VIC 3181

Burgess Rawson from CBRE is pleased to offer to the market Maha East Restaurant, located at 36 Chapel Street, Windsor VIC, for sale via Investment Portfolio Auction 178.

+ Maha East: well-renowned award winning restaurant by celebrity chef, Shane Delia, in occupation since 2019 with sister restaurants in Melbourne CBD and Collingwood
+ Maha East: renewed 8 year net lease to October 2033 plus 1 x 8 year option
+ IFFA (International Film Festival Awards): 5 year lease to 2030 plus 1 x 5 year option
+ Immaculately presented dual-level freehold with high end restaurant at ground level and modern office space on first floor
+ Dual income stream investment with two tenants providing income diversity.
+ Highly desirable 'Activity Centre Zoning' (ACZ1) landholding with dual frontage providing significant future upside STCA
+ Compounding fixed 4% annual rent increases on both tenancies ensuring continued rental growth.
+ Prominent position on busy Chapel Street (12,300 VPD) and opposite Windsor Train Station, the number 78 tram, and metres from the Princes Highway (Dandenong Road - 67,000 VPD)
+ Well serviced by 160 public cars spaces at the rear of the property plus on street parking
+ Windsor: tightly held affluent inner metro suburb only 5km* from Melbourne CBD, with a median house price of $1,293,000
+ Net Income: $138,655 pa* + GST (please provide calculation for this)

Investment Portfolio Auction
Wednesday 6 August at 10:30am AEST
Crown Casino, Melbourne

Shaun Venables 0411 860 865
David Napoleone 0417 308 067
Hamish Bowen 0413 856 984