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• National brand hospitality tenant
• New building on unit title with outdoor seating capabilities
• Ideal location for a tenant within shopping and retail complex
• Returning $99,400pa + GST/OPEX
Taking full advantage of this prime corner position within the boutique Lakewood complex, unit 6/36 Lake Street makes the ideal location for its national brand hospitality tenant. The property encompasses exclusive use of the side pavement of 84sqm (more or less) for additional tables which extends the seating capacity while providing customers with a choice of indoor or outdoor options.
Neighbouring the property are a variety of tenants, including entertainment, retail, professional services, and residents, allowing for a solid customer base and with development continuing within the complex this will further increase exposure. The modern building completed in 2021 is being sold as a unit title with corporate body documentation available upon request.
The opportunity exits to negotiate further lease terms with the current tenant or seek new occupancy upon expiry. Currently returning $99,400pa + GST/OPEX and rent reviews to CPI +2% coupled with a national brand tenant makes this investment worth exploring further.