The new tenant, who has several outlets around Melbourne and interstate, is planning to establish a bakery/café/restaurant and will be seeking a liquor license for the site.
This will be an exciting development for this property which is set just behind the Rivoli Theatre close by Camberwell Junction.
The lease over the 97sqm premises is for 6 years plus Options with a commencing rent of $30,000 net per annum.
Given the length of the Initial Term and the current uncertainty due to Coronavirus, the Landlord has granted an incentive of six months rent free.
GK’s specialist Retail Sales & Leasing team are proud to have achieved an outcome for our client during a challenging time for business and the economy. Please feel free to contact me to discuss how GK could assist you with your property management, sales or leasing needs.
Written by Gerry Gleeson
After a successful career as a stockbroking analyst and manager of a private investment business, a long time fascination with property and a desire to try something new led Gerry into the property management sector.