- 779 Glenferrie Road - tenant signed a 6 year Lease plus Options
- 641 Burwood Road, Hawthorn - tenant signed a 5 year Lease plus Options
Despite the challenging times, Leases were promptly secured on commercial terms resulting in an excellent outcome for both our clients and the incoming tenants keen to get on with business.
This classic two storey building, formerly occupied by Di Palma's and more recently as Anoia restaurant, has now been leased to The Pizza Project Group who will operate a pizza and pasta restaurant from the 185sqm premises with ground floor restaurant and upstairs dining.
The incoming tenant signed a 6 year Lease plus Options at a commencing rental of $52,500 net per annum.
Another classic two storey Hawthorn strip retail building with ground floor restaurant and first floor dwelling has been leased to Bamboo House Malaysian Cuisine. Located near the Auburn Road intersection, this 120sqm property was formerly occupied by Sage Leaf restaurant. Bamboo House signed a 5 year Lease plus Options at a commencing rental of $30,000 net per annum. This Hawthorn location will be their 3rd in Melbourne in addition to their restaurants in South Yarra and Melbourne CBD.
Written by Richard Munday
Having specialized in Retail Leasing within the Cities of Boroondara, Stonnington and Port Philip, and more generally in commercial sales & leasing for some 30 years, Richard is considered a local Melbourne commercial property expert.