Situated in the heart of Beaconsfield Parade you will find this prime investment opportunity, located in one of Bayside’s most iconic and high end developments. 90 Beaconsfield Parade was also awarded Asia pacific property of the year, making it one of Melbourne’s stand out developments.
This premium investment currently trading as “Pineapple Palm” café, is run and operated by a 30 year food and beverage expert, having run and set up highly credential hospitality venues all over the world. Sited on the prominent corner of Victoria Ave and Beaconsfield Parade the site offers an abundance of both car and pedestrian traffic, exceptional street exposure and within close proximity to some of the area’s best bars and restaurants. Directly across from the beach this prime location attracts customers from all over Melbourne.
This 160sqm (approx.) has one of the area’s best café fit outs, and an exceptional trading history since its inception in 2018. This investment will be a great addition to any investors portfolio and truly is a set and forget opportunity.
Key selling features include:
• Secure Five (5) year term with three (3) further five (5) year options.
• Starting net rental -$95,000 per annum plus GST and outgoings.
• 4% fixed increases.
• Four (4) months net bank guarantee in place.
• Signed directors guarantees.
• Lease commencement 21st September 2018.
• 160sqm NLA.
• Three (3) secure on title car spaces.
For further details please contact Paul Pellegrino or Paul Lillis for further information.
