Emmetts are delighted to exclusively present for sale by public on site auction 104 Chapel Street, Windsor, located in the absolute prime trading position of Windsor’s hospitality and nightlife precinct.
THE LOCATION:
+ Fully leased freehold Investment in one of Australia’s premier hospitality and entertainment precincts, Chapel Street, Windsor.
+ Centrally located within the absolute prime trading position alongside highly regarded hospitality operators including Hawker Hall, Tombo Den, Mr Miyagi, Maha East, Yellow Bird Café, Wonderland, Tokyo Tina, Freddy’s, The Union Hotel, Yo-Chi, Tyranny of Distance and Betty’s Burgers.
+ The location is underpinned by a medium density catchment with high percentage of young professionals, proximity to the Melbourne CBD (7.2 km*) and outstanding public transport supported by Windsor Train Station (220 m*) and the 78 Tram.
+ The surrounding demographic supports retail spending with a median family income ($2,022* pw) 6.4%* higher than the greater Melbourne average
+ Windsor boasts a median house price of $1.365* million, 78%* above the Victorian average.
+ Major tourist precinct in addition to drawing footfall from across Melbourne as an established nigh time precinct.
+ Ideal location for fast food combining night time footfall in addition to proximity to affluent surrounding suburb catchment for deliveries.
THE PROPERTY & LEASE:
+ Freehold land of 195 sq m with rear access via Lincoln Place.
+ Building size of 115 sqm with additional outdoor seating.
+ Opportunity for future value-add & increased site coverage. (STCA)
+ Currently leased to well renowned fast-food operator ‘Royal Stacks’.
+ Royal Stacks, a popular and fast-growing burger brand with 14 stores, high brand loyalty and a strong multi-site expansion plan targeting 50 locations & $2.5M/unit by 2030, offering tenant stability and growth.
+ Lease provides for fixed annual rental increases with a market review at the commencement of the further terms.
104 Chapel Street, Windsor is for sale by public auction Thursday 5th March at 2:30pm.
All inspections are to be arranged strictly via the exclusive selling agents.
*Denotes Approx
Send to: