Retail/hospitality premises with Renewed 3 year lease.
GrayJohnson is pleased to offer for sale this single-storey property located in the heart of the popular Fawkner shopping village.
Currently operating as “Bonwick Street Bakery & Café”, the property offers immediate and ongoing returns to an astute investor under the terms of a recently renewed 3-year lease.
• Land Area: 190 sqm*
• Building Area: 205 sqm*
• Renewed 3-year lease commencing 1 May 2023 to existing tenant
• Rental: $40,000 pa net plus GST with annual CPI Reviews
• Main road plus rear laneway access
• Commercial 1 Zone providing huge scope for future development^
The Bonwick Street precinct is a popular neighbourhood shopping strip with recently refurbished streetscapes. It is home to a cosmopolitan range of eateries as well as an IGA supermarket, chemist, newsagency and other local retailers.
This property enjoys excellent main road exposure with a central position in the shopping strip. There is a second access via a laneway at the rear.
• Popular shopping strip location
• 700m* from Gowrie railway station
• Easy access to Western Ring Road and motorway network
• 12km* approx. north of the Melbourne CBD
Auction Thursday 8 June @ 12 noon