Bakery Location for Over 50 Years with Renewed 5 Year Lease
57-59 Thompson Avenue,CowesVIC3922
Block size: 262 m² approx.
Brand new 5 year lease to December 2023 (Options to 2033) Generous annual rent reviews assuring growth A short 2 minute walk to the Cowes beach front High profile 262 sqm corner commercial building with 35 metre frontage Premium Commercial 1 Zoning with potential redevelopment upside STCA Proven bakery site for over 50 years, with business changing hands only 3 times within this period Current owners trading for over 15 years and supply daily numerous convenience stores on Phillip Island Situated adjacent to new ALDI and within metres of other national retailers including Woolworths, Coles, NAB and ANZ Tenant pays all usual outgoings as per the lease excluding land tax Conveniently located less than 2 hours south east of Melbourne CBD Phillip Island: Tourism mecca attracting approx. 2.4 million visitors who spent an estimated $479 million in the year ending September 2018 Rent: $81,043 pa + GST
Auction 11am AEDT Wednesday 27 February 2019 River Room, Crown Casino, Melbourne
No open times scheduled. Contact Agent to arrange a viewing.