63 Stanley Avenue Mount Waverley VIC 3149

Jones Real Estate are pleased to present 'Stanley' | 63 Stanley Avenue, Mount Waverley.

For Sale via onsite Public Auction on Friday the 16th August 2019 at 1pm.

Located at the intersection of Stanley Avenue and Ian Grove, a tightly held retail strip in Melbourne's south east, the property is home to the well renowned café "Stanley".

Stanley was founded by Julien Moussi, Kristy- Lea Moussi and Stuart Deva, Melbourne hospitality icons whom have built some of Australia's award winning and premier venues including Tinker, MOB, Legacy, Bentwood, Winter, Clubhouse and Penta.

Key highlights of this remarkable investment opportunity include;

Securely leased for 10 years to an iconic hospitality operator with options to 2038
Returning $71,240 per annum plus GST plus Outgoings
Six (6) month security bond
4% fixed annual increases
Architecturally designed by award winning Ritz & Ghougassian Architects
Total site area of 185sqm
Commercial 1 Zone (C1Z)
Exceptionally strong lease covenant with tenant generating $1,500,000 in revenue within the first 12 months of trading.

Please contact the listed agents for further information.