T32/64-66 Newquay Promenade Docklands VIC 3008

POINT OF INTEREST:
We know Melbourne, and we’re confident that dining with a view is one of the soundest investments you can make in this city. Situated on the ground floor of a modern mixed-use development, this beautifully presented hospitality space is right on the Docklands waterfront and amongst the bustling precinct.

You would already be familiar with the tenant, Steakhouse Grill 66, the restaurant has a loyal following of returning customers and captures any wandering diners along the promenade. The fitout matches the atmosphere with high-end interiors and a glass panel façade facilitating plenty of natural light and incredible views of the Yarra. 

INVESTMENT DETAILS:
- $130,000 per annum plus GST (gross).
- Recently renewed 5 year lease + options.
- Currently leased to Steakhouse Grill 66.
- Long standing steak restaurant since 2003.
- 3% annual increases + market review at options.
- $32,500 security deposit + director guarantees.

PROPERTY DETAILS:
- 280 sqm* building area.
- Licensed to seat 100 people indoors and 30 outdoors.
- Liquor license for indoor and outdoor seating areas.
- Sweeping waterfront views across Docklands.
- 1 km* from Melbourne CBD.

POINT OF VIEW:
There’s no city in Australia that celebrates dining like Melbourne, and with hospitality density limits completely lifted — like an aged Wagyu — this is an investment that will only get juicier with time. 

*Approx.
Pricing excludes GST