Premier Café Investment within Brand New Industrial/Office Precinct | Significant Depreciation Benefits
Burgess Rawson in conjunction with Nichols Crowder, are pleased to offer to the market 31 Ambrose Avenue, Cheltenham VIC for sale via Investment Portfolio Auction 176.
Key features include:
* Brand new ten (10) year lease to February 2035, plus further options to 2045.
* Sana Coffee: A successful café with a new, modern deco fit-out, open 7 days a week with dine-in, outdoor seating, and delivery options.
* Fixed 4% annual rent increases, ensuring certain income growth.
* Landlord-favourable net lease terms, with the tenant responsible for usual outgoings.
* State-of-the-art construction, 124sqm* café within Riverlee and Brico’s Belrose Development with seating for 70 patrons plus an additional 43sqm* on-title outdoor area and amenities.
* Brand new 2024 construction, providing maximum tax-saving depreciation benefits.
* The booming area of Cheltenham within the City of Bayside is forecast to see population surge 93% by 2046. (1)
* Desirable bayside location, only 16km* south of the Melbourne CBD.
* Strategically positioned within Cheltenham, surrounded by Mirvac’s Jack Road Development seeing 185 dwellings added to the area.
* Net Income: $51,025 pa* + GST.
For Sale by Investment Portfolio Auction 176
10:30am AEST Wednesday 14 May 2025
Garden Room, Crown Casino
For further details or to arrange an inspection please contact:
Nichols Crowder
James Glen 0401 493 277
Burgess Rawson – Melbourne
Beau Coulter 0413 839 898
Matthew Wright 0458 290 588
Mark Foster 0475 454 431
DISCLAIMER:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
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