Powerhouse Trophy Investment With 10 Year Lease to Acclaimed Tenant

Fitzroys is delighted to offer this iconic corner freehold at 282-284 Carlisle Street, Balaclava, for sale via Public Auction on Wednesday 18th September at 1pm onsite.

Leased to one of Australia’s most successful hospitality operators, Commune Group, whose stable of venues include Firebird, Hanoi Hannah, New Quarter, Tokyo Tina, Express Lane and Studio Amaro, this immaculately presented property is prominently positioned within the hugely popular lifestyle and hospitality precinct of Carlisle Street.

Key attributes include:

10 x 5 x 5 year lease to established tenant Commune Group, trading as ‘Moonhouse’ › Returning $180,300* per annum plus outgoings and GST
Impeccably renovated double storey building of 325sqm* comprising contemporary ground floor restaurant and bar and first floor private dining / function areas
Valuable landholding of 334sqm with corner frontage of 43 metres to Carlisle and Nelson Streets
Includes rear access and onsite car parking
High profile position within the busiest section of one Melbourne’s best supported commercial precincts, anchored by Coles and Woolworths supermarkets as well as a host of established retailers including Grill’d, Hunky Dory, Yo-Chi, Schnitz, Priceline, Chemist Warehouse, BWS, Vintage Sellers and more.
Next to busy Balaclava Train Station while the Route 3 tram stop is at the property’s doorstep
Rare opportunity to secure one of Carlisle Street’s most coveted freeholds, securely leased to a high calibre tenant and providing strong growth potential

For further information on 282-284 Carlisle Street, Balaclava or an inspection, please contact Fitzroys selling agents Chris Kombi, Tom Fisher or Ben Liu.

*approx.

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