HIGH PROFILE RETAIL / HOSPITALITY STRIP
An investment property containing two tenants sharing one premises trading in the heart of Castlemaine's vibrant entertaining and retail strip close to The Theatre Royal, Love Shack Brewing, Naam Pla Thai Restaurant, SuperHero and IGA Maxi Supermarket – all within a minute's walk of this property.
Currently operating under one lease, the property is occupied by Tortoise Cafe and Table Records providing a guaranteed rental of $52,000 for the next 3 years, until January 2028. These tenants have a track record of operating over 3 years in the town.
The property is enhanced by the installation of two new bespoke fit outs by each occupying tenant completed to an extremely high standard of craftsmanship and design. It also includes a well-fitted commercial kitchen, front of house sitting, rear shared table eating room, access to a secluded courtyard and a curtain separating the record store that has a current liquor licence application in process.
This is a rare opportunity to purchase a solid investment with excellent lessees occupying a restored hospitality building 160 years old in a magnetic location.
The building is now converted with 5 high-end first floor apartments that complement the 5 separate ground floor retail businesses that comprise part of this vibrant business precinct, all within a few minutes stroll to essential shopping in this much-appreciated town.
Retail For Sale
$1,000,000
Inspections
House size: 126 Sqm
Land size: 126 Sqm
Features
- Split System AirCon
- Split System Heating
