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Fargo & Co Richmond, 214-216 Swan Street,
Richmond, VIC 3121
Shops & Retail
Added 1 day ago
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Sale
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Stonebridge Property Group - Melbourne
Level 19, 627 Chapel StreetSOUTH YARRA, VIC 3141
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Fargo & Co Richmond, 214-216 Swan Street
Richmond, VIC 3121
Map
Swan Street Trophy Investment 100% Tenanted by Hospitality Royalty - Australian Venue Co
- 10-year Lease to Australian Venue Co.
- Triple Fronted Corner
- Recently Refurbished Venue
Stonebridge Property Group is pleased to present for sale Fargo & Co Richmond (214-216 Swan Street).
The key highlights of the opportunity include:
- 100% leased to world class pub and hospitality giant Australian Venue Co (AVC) boasting a national network of 200+ venues and generating an annual revenue in excess of $1.11Bn (2023)^
- Vendor favoured 10-year net lease with fixed annual increases (1 further 10-year option)
- Recently refurbished 542 sqm* multi-level hospitality venue with valuable 450 patron late night liquor licence allowing flexible retail trade to 1:00am
- Centrally located in one of Australia’s most recognised hospitality precincts – Just 50 m* from East Richmond Train Station, 700 m* from Richmond Train Station and 3 km* from the Melbourne CBD
- Prime location neighbouring world-renowned Melbourne Cricket Ground, Olympic Park (Rod Laver Arena) & AAMI Park - Boasting over 5,200,000* annual visitors
- Commercial 1 zoned freehold landholding with 50 m* triple street frontage allowing for multiple points of entry and exit and providing high levels of retail exposure
- Providing a net annual income of $500,000 + GST* (excluding Land Tax)
Fargo & Co Richmond (214-216 Swan Street) is offered for sale via Expressions of Interest closing Wednesday 18th September 2024 at 3:00pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Rorey James
0439 400 0...
Nic Hage
0448 782 5...
Kevin Tong
0422 848 8...
*Approximately
^AFR, 2023 financial report
Property Code: 1043
The key highlights of the opportunity include:
- 100% leased to world class pub and hospitality giant Australian Venue Co (AVC) boasting a national network of 200+ venues and generating an annual revenue in excess of $1.11Bn (2023)^
- Vendor favoured 10-year net lease with fixed annual increases (1 further 10-year option)
- Recently refurbished 542 sqm* multi-level hospitality venue with valuable 450 patron late night liquor licence allowing flexible retail trade to 1:00am
- Centrally located in one of Australia’s most recognised hospitality precincts – Just 50 m* from East Richmond Train Station, 700 m* from Richmond Train Station and 3 km* from the Melbourne CBD
- Prime location neighbouring world-renowned Melbourne Cricket Ground, Olympic Park (Rod Laver Arena) & AAMI Park - Boasting over 5,200,000* annual visitors
- Commercial 1 zoned freehold landholding with 50 m* triple street frontage allowing for multiple points of entry and exit and providing high levels of retail exposure
- Providing a net annual income of $500,000 + GST* (excluding Land Tax)
Fargo & Co Richmond (214-216 Swan Street) is offered for sale via Expressions of Interest closing Wednesday 18th September 2024 at 3:00pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Rorey James
0439 400 0...
Nic Hage
0448 782 5...
Kevin Tong
0422 848 8...
*Approximately
^AFR, 2023 financial report
Property Code: 1043
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Property ID: 504665744Last Updated: 16 Aug 2024
Stonebridge Property Group - MelbourneLevel 19, 627 Chapel Street
SOUTH YARRA, VIC 3141
SOUTH YARRA, VIC 3141
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