Prime Bay Street Fast Food Investment With 10 Year Net Lease

• National QSR Tenant
• Fixed 5% Rental Increases
• 450 sqm* Landholding

Vinci Carbone, in conjunction with Stonebridge Property Group, are pleased to present for sale 253 Bay Street, Port Melbourne.

The key highlights of the opportunity include:

- Secure a rare Port Melbourne freehold bolstered by a vendor favoured 10-year net lease with fixed 5% annual rental increases
- Unrivalled fundamentals include 19 m* of Bay Street frontage, rear access via Lalor Street and a substantial 450 sqm* landholding offering future value-add and development potential (STCA)
- Providing $148,838 + GST + Outgoings** projected growth to $209,429* within the initial term
- Strategic 215 sqm* building layout, with open-plan retail space with multiple entry points, rear loading access and staff amenities — well suited to food delivery operators
- Leased to Smokin’ Joe’s Pizza & Grill, a national brand with 70+ stores throughout the ACT, NSW, QLD, VIC and SA
- Existing liquor licence permitting trade until 1 am, enhancing evening dining appeal
- Located in the centre of Port Melbourne’s retail mecca, surrounded by national brands including Coles, Chemist Warehouse, Australia Post, IGA, Commonwealth Bank and more — all within 50 m*
- Port Melbourne is an affluent inner-city suburb just 1.5 km* from the Melbourne CBD, accessible via light rail in under 10 minutes*.

253 Bay Street, Port Melbourne is for sale via Public On-site Auction Friday 27th March at 2:30PM (AEDT).