Emmetts are delighted to exclusively present a brand new, immaculate hospitality asset with a new 15-year initial lease to to Baix & 81 Bay Wine Bar as part of the recently completed marquee development, The International Brighton, 81 Bay Street, Brighton. The property is for sale by Public Auction on Thursday 16th October at 11:00 am.
Key investment considerations include:
+ Substantial integrated hospitality premises of 329 sq m with an exceptional 18.5 metre frontage to Bay Street.
+ 6 secure basement car parks plus storage.
+ Strong multi-venue hospitality covenant, with a brand new initial term of 15-year lease expiring March 2040 with a further term of 10-years.
+Acclaimed chef operator and team at the helm of the hospitality venue.
+ Exceptional reviews from food and restaurant critics as featured in The Age and Broadsheet.
+ Fixed annual rental increases of 4% providing for strong, predicable rental income growth.
+ Location underpinned by affluent Brighton catchment with high percentage of professionals, providing for strong discretionary expenditure.
+ Brand new high-quality hospitality fit-out with full commercial kitchen.
+ Benefit from substantial depreciation benefits.
+ Excellent transport connectivity serviced by arterial roads and rail.
To request a copy of the Information Memorandum or register for our scheduled weekly inspections, please contact the exclusive agents.
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