298 Bridge Road,
Richmond, VIC 3121
Shops & Retail
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Map of 298 Bridge Road
THE MAGIC DUMPLING INVESTMENT with UPSIDE!! GOOD FORTUNE AWAITS!!
The hottest freestanding city-edge investment with upside.
One only needs to pop in for lunch or dinner to appreciate this superb investment and quality tenant in their stunning well thought fit-out, excellent food and cult following of loyal and repeat customers who flock to this restaurant to savour the dumplings this licensed restaurant is famous for.
The tenant pays $83,583.22 per annum + outgoings + GST and there is a 3% yearly increase due on 20th August, 2014. The current lease expires on 19/08/2016 and there is an option for another five (5) years beyond this. The rent for the further term is by mutual agreement and failing this, independent valuation.
The building occupies the entire site of 203sqm* and there is also a mezzanine level at the rear of 47sqm*.
Good fortune awaits with an excellent return on your investment and further upside development potential to upper floors (STCA) with rear laneway access.
Private sale at $1,360,000.
*Approx.
One only needs to pop in for lunch or dinner to appreciate this superb investment and quality tenant in their stunning well thought fit-out, excellent food and cult following of loyal and repeat customers who flock to this restaurant to savour the dumplings this licensed restaurant is famous for.
The tenant pays $83,583.22 per annum + outgoings + GST and there is a 3% yearly increase due on 20th August, 2014. The current lease expires on 19/08/2016 and there is an option for another five (5) years beyond this. The rent for the further term is by mutual agreement and failing this, independent valuation.
The building occupies the entire site of 203sqm* and there is also a mezzanine level at the rear of 47sqm*.
Good fortune awaits with an excellent return on your investment and further upside development potential to upper floors (STCA) with rear laneway access.
Private sale at $1,360,000.
*Approx.
Property ID: 500949135Last Updated: 9 Feb 2014
298 Bridge Road
Richmond, VIC 3121
TCI - Richmond463 Bridge Road
RICHMOND, VIC 3121
RICHMOND, VIC 3121
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