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Phillip Island Bakery, 57-59 Thompson Avenue, Cowes, Vic 3922

Phillip Island Bakery, 57-59 Thompson Avenue, Cowes, Vic 3922

Retail Land/Development Showrooms/Bulky Goods

  • Sold Contact Agent
  • Wed 27-Feb-19

Bakery Location for Over 50 Years with Renewed 5 Year Lease

  • Renewed 5 year lease to 2023+ options
  • Generous annual rent reviews
  • 2 minute walk to Cowes beach front

  • Land Area
  • 262.00 m² (approx)
  • Floor Area
  • 262 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Apr 09, 2019

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 7,140 Bourke Street

Melbourne Vic 3000

Beau Coulter, Burgess Rawson - Melbourne
Beau Coulter
Raoul Holderhead, Burgess Rawson - Melbourne
Raoul Holderhead
OBrien Real Estate - Judith Wright

52 - 54 Thompson Ave

Cowes Vic 3922

Mike Foenander, OBrien Real Estate - Judith Wright
Mike Foenander

Bakery Location for Over 50 Years with Renewed 5 Year Lease

Brand new 5 year lease to December 2023 (Options to 2033)
Generous annual rent reviews assuring growth
A short 2 minute walk to the Cowes beach front
High profile 262 sqm corner commercial building with 35 metre frontage
Premium Commercial 1 Zoning with potential redevelopment upside STCA
Proven bakery site for over 50 years, with business changing hands only 3 times within this period
Current owners trading for over 15 years and supply daily numerous convenience stores on Phillip Island
Situated adjacent to new ALDI and within metres of other national retailers including Woolworths, Coles, NAB and ANZ
Tenant pays all usual outgoings as per the lease excluding land tax
Conveniently located less than 2 hours south east of Melbourne CBD
Phillip Island: Tourism mecca attracting approx. 2.4 million visitors who spent an estimated $479 million in the year ending September 2018
Rent: $81,043 pa + GST

Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne

Phillip Island Bakery, 57-59 Thompson Avenue, Cowes, Vic 3922

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