Bayside Investment with blue chip tenant | 6.4% Net Yield

Here's your chance to secure a piece of the tightly-held Beaumaris Concourse Retail Village.

Currently occupied by "Lobster Cave Nominees Pty Ltd" - a long-term and blue chip tenant who has occupied the premises since 2010 - this is an instantly rewarding and secure investment opportunity in a thriving local bayside shopping destination that's a stone's throw away from Beaumaris beach. The premises have been and will continue to be used as the epicentre of their day-to-day operations of Lobster Cave and their associated businesses.

Property features include:

• Total building area | 55m2*
• Tenant | Lobster Cave Nominees Pty Ltd
• Brand-new lease | 5 years + 5 years
• Income | $31,450 Per Annum plus GST plus Outgoings
• Annual increases | 3% fixed
• Security bond | Two (2) months rental
• Frontage onto North Concourse

About the tenant:

• Lobster Cave has been around since 1987.
• For more than 35 years, Lobster Cave has been the ultimate celebration dining destination, where the atmosphere is relaxed and the love of seafood is serious. Now a household name, Lobster Cave is an institution in Beaumaris, Bayside and beyond.

For more information or to arrange an inspection please contact one of the exclusive agents below:

Ryan Amler | 0401 971 622
George Ganavas | 0478 634 562
Simon Liang | 0451 954 318

*All areas and figures are approximate only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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