66 Newquay Promenade,
Docklands, VIC 3008
Shops & Retail
Key property information
Floor area
Zoning
Tenure type
Sold on
Map of 66 Newquay Promenade
MEDIUM-RARE INVESTMENT OPPORTUNITY
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
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
Docklands, 3008 demographic data
The median household income for Docklands is $1,957, 3% higher than Greater Melbourne's household income of $1,901. Docklands has a younger age profile compared to the rest of Greater Melbourne (median age 32 vs 37). Property ownership data shows 56% of property owners in Docklands have a mortgage.
15,495
Population
$1,957 per week
Median household income
32 years
Median age
Renters
Most residents
Families
Most households
CVA Property Consultants - Melbourne
18-20 Russell StreetMELBOURNE, VIC 3000
04132516...
66 Newquay Promenade
Docklands, VIC 3008
CVA Property Consultants - Melbourne18-20 Russell Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
More properties from CVA Property Consultants - Melbourne
Other properties you might be interested in based on the location and property type you are looking at.
