MODERN HOSPITALITY INVESTMENT IN THRIVING HIGH-DENSITY LOCATION

Fitzroys is pleased to offer for sale a prominent hospitality investment located within an affluent inner-eastern location and benefitting from strong demographic fundamentals

Offered For Sale by Deadline closing Wednesday 9th December, Shop 9, 38 Camberwell Road, Hawthorn East is securely leased to Chef Wong, a popular yum cha and dim sum restaurant with 3 locations across Melbourne.

Prominently situated on the corner of Camberwell Road and Auburn Grove, the property occupies a strategic position between Camberwell Junction, Glenferrie Road and Auburn Village. The area is supported by major apartment developments, Swinburne University, retail options along with excellent public transport and road connectivity.

Investment Highlights:

7 + 7 year lease to the highly popular restaurant chain trading as Chef Wong
Returning $88,963* per annum plus GST
Fixed annual increases of 3.7%
Tenant pays all usual outgoings
Contemporary ground floor premises of 173sqm* plus 2 basement car spaces
Expansive frontage to Camberwell Road of over 20 metres
Perfectly positioned within a high-density pocket benefitting from the recent completion of several major apartment developments driving continued growth
Highly desirable residential catchment boasting median house prices of $2.465 million* in Hawthorn East and $2.36 million* in neighbouring Hawthorn
Surrounded by extensive retail, hospitality and lifestyle amenity and easy access to all forms of public transport

For further information or an inspection, please contact Fitzroys selling agents, Chris Kombu and Ben Liu.

*Approx.