• High yielding investment
• Prime Main Street location
• Land Area: 1,211 sqm (approx)
• Zoning: Commercial 1
• Established 3 + 5 + 5 + 5 year lease
• Current Rental: $144,000 per annum including gst
• Annual rent growth
• Owner says SELL!
The Moore Street Tavern and Entertainment complex is superbly located in the heart of the Moe Business Precinct.
Only metres to the recently constructed Moe Transit Station, the property also offers a drive-thru bottleshop facility.
Spanning over 1,100 square metres and underpinned by a Commercial 1 zoning, the property has conforming planning permits to operate as a Tavern/Bar, Bistro and Nightclub.
The lease for the business is for a combined 18 years if all option periods are exercised.
The commencing rental of $144,000 per annum including gst has annual CPI increases.
Investors will get the best of both worlds, a high return and substantial property positioned for future development.