Gross Waddell ICR and Richard Cookesley are pleased to offer 43 Rose Street, Essendon to the market. The property is offered either with vacant possession or with a lease option, which offers greater flexibility and opportunity for prospective buyers.

Property Highlights:

• Building Area: 205 sqm*
• Land Area: 345 sqm*
• Commercial 1 Zone (C1Z)
• Offered with Vacant Possession or with a Lease

Lease Details:

• Tenant: Known as The Last Stop Wine Bar and Restaurant
• Rent: $89,000* p.a. + GST + Outgoings
• Term & Option: 5 + 5 Years
• Reviews: 2% Annual Increase or CPI which ever is greater
• Commencement Date: 1st March 2020
• Outgoings $11,075* paid by tenant including land tax
• Permitted fir 150 patrons and outdoor dining

Property Description:

• Well positioned in a highly sought-after retail strip, surrounded by well-known cafes such as Rose St Café, Benny and Me, and Bowl's Baby.
• These are well-established businesses with high profiles, featured on many TV shows.
• Situated opposite the Essendon railway station and bus stop, with trams just a short stroll from the retail strip.
• The shop enjoys a substantial permit for outdoor dining on the front footpath, with good cover, sun shelters, and heating.
• The rear has been recently extended into a function space, supported by excellent new modern toilet facilities.
• The kitchen is well equipped with excellent commercial features, including two large cool rooms and stainless steel preparation space.
• The fitout includes a full bar facility and a front counter for bottle shop retail sales.

For Sale via Public On-site Auction on Thursday 20th June at 12:00pm.

*approx

For more information or organise an inspection, please contact below agents directly.

Raff De Luise 0418 533 6...
Richard Cookesley 0488 756 222