Cafe in Melbourne's Mulgrave up for sale at Burgess Rawson auction

Cafe in Melbourne's Mulgrave up for sale at Burgess Rawson auction
Prateek ChatterjeeJune 20, 2016

A cafe/eatery in Melbourne’s Mulgrave will go under the hammer at Burgess Rawson auction on June 29.

The 7/2 Stadium Circuit and Oval Concourse shop has a building area of 257 sqm including mezzanine, with a capital intensive tenant fitout.

The tenant is on a secure 12-year lease plus options through to 2028.

The lease comes with fixed 4 percent increases and the lessee pays the usual outgoings.

The property includes dual alfresco areas and comes with an exclusive seven-day licensed business. 

Waverley Park is a Mirvac development with 1,400 dwellings, 3,500 residents and Hawthorn Football Club (AFL) corporate headquarters and training grounds.

Its rental income was $103,415 pa as at Nov 2016.

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