Eatery

<html><body>
Hospitality veteran, Denis Hagger, has taken a lease within Toorak Village, the popular retail strip in Melbourne, with his landlord now listing the property for sale.

Hagger, who was behind ventures, 25 Toorak Road and Maison Maldon Gourmet Retreat, agreed terms on a three year lease with options at $45,000 per annum or $750sqm net through Teska Carson’s Luke Bisset.

The property is situated opposite Vicland Property Group’s $600 million commercial re-development of Village Way. 

"The property offered an exceptional location within a highly regarded retail and commercial precinct in arguably Melbourne’s wealthiest suburb, with first rate access and exposure via the Toorak Road frontage,’’ Mr Bisset said.

Morley Commercial’s Tom Larwill, who acted for the tenant, said Mr Hagger was looking to embark on a new dine-in and takeaway venture. 

"Denis is planning on opening a French style rotisserie to cater for the increased demand for high quality take away and pre-made meals,’’ Mr Larwill said 

Located at 472 Toorak Road, the property comprises a 60 square metre, ground floor shop with a commercial kitchen, nearly five metres street frontage, a rear courtyard, and on-site parking.  

Toorak Village has more than 270 shops and businesses including fashion boutiques, cafes, fine dining, hair and beauty salons and medical and professional services.

The 472 premises are a two-level freehold of 110sqm which is spread across the ground floor retail and first floor office/studio apartment.

It has been listed for sale, through Teska Carson, returning $45,000 per annum + GST and outgoings, and a potential total income of $80,000 per annum + GST and outgoings.

It last traded at $1,648,000 in 2018, having sold at $1.76 million six years earlier.

Hagger closed his nearby South Yarra restaurant, 25 Toorak Rd, last year, but still operates the Maison Maldon Gourmet Retreat, about 135 kilometres north west of Melbourne.

25 Toorak Road found its replacement tenant in August, having been an Omnia pop-up in the interim.

<h2>Melbourne properties selling now:</h2>

[smartcode_project:default project_id=27241]

[smartcode_project:default project_id=5559]

[smartcode_project:default project_id=89720]
</body></html>

jchancellor-FAypfDUnLy

Denis Hagger to open new Toorak Village eatery 

<html><body>
Kylie Kwong will open a daytime workers' eatery late next year at Mirvac's South Eveleigh work and lifestyle precinct.
It is the precinct previously known as Australian Technology Park.
Kwong, a leading fixture of the Sydney dining scene for two decades, closed her Macleay Street, Potts Point restaurant earlier this year.
Her Sydney restaurant Billy Kwong closed in June.
Kylie Kwong has since taken on a new job as the ambassador of Mirvac's South Eveleigh work and lifestyle precinct, where the Commonwealth Bank is the major tenant.
Mirvac and its consortium partners, AMP Capital, Sunsuper and Centuria Property Funds recently opened the first two buildings completed at Sydney’s newest technology hub
The anchor tenant Commonwealth Bank are located in the building known as Axle.
CBA also leases Building 2, The Foundry, which is still under construction.
The bank will have 10,000 employees at the precinct when it is completed in 2020.
Kwong will open a "small, simple" eatery late next year, the Australian Financial Review reported.
She said she didn't want to manage 40 people in her next endeavour.
</body></html>

Eatery

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Eatery

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News