27A Anderson Street, Yarraville
A rare chance to acquire an investment leased to a global fast good retailer in the heart of Yarraville’s thriving Anderson Street is going to auction in November.
Fitzroys’ Mark Talbot and Ervin Niyaz are marketing 27A Anderson Street, Yarraville on behalf of a private owner, with the on-site auction scheduled for Friday, 22 November at 1pm.
Expectations are of S1.35 million-plus.
On 169sqm of land, the property comprises a 132sqm restaurant that recently underwent a S300,000 fit-out and is leased to Zambrero, which has 300 restaurants worldwide, on a new 7+5+5-year lease.
“This is a sensational investment with a new lease to a global fast food retailer, in the absolute prime of a bustling and highly desirable inner Melbourne shopping village,” Talbot said.
“Prime Melbourne village assets with strong lease covenants represent excellent buying at a time of share market and residential market volatility.”
He said the property is located amongst an excellent mix of local traders and national tenants including Woolworths Metro, Vintage Cellars, IGA Supermarket, Grill’d, Flight Centre, The Railway Hotel and more.
The property is strategically located only 50 metres from the highly popular Street Park of Ballarat Street, which has in recent times transformed the Anderson Street precinct into a highly walkable and accessible lifestyle and hospitality hub in Melbourne’s inner west, home to the famous Sun Theatre.
The property is also just 150 metres to the Yarraville train station and bus interchange, and there is easy access to the CBD via the Westgate Freeway, while upcoming completion of the Westgate Tunnel project is expected to greatly reduced traffic congestion in the area.
“Well-connected locations with thriving hospitality, shopping and lifestyle offerings are attracting new residents, underpinning trade,” Talbot said.
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