187 Fenwick Street, Carlton North, Vic 3054

Mulcahy Butera is delighted to offer an affordable Retail Investment located within the city fringe suburb of Carlton North.

Home to a well-known Carlton Institution 'Filou's Patisserie' the offering provides a secure lease term, annual rental growth and a versatile zoning.

THE BUILDING

Predominantly of brick construction, the existing improvements feature a retail direct to public sales and sitting area with back of house baking rooms and ancillary storage. Alongside the main entrance door, facing Lygon Street, is a fully concreted yard area which is being used for external storage and amenity, accessible via a driveway or internally through the building.

THE LOCATION

Within an established residential community, some 4* kms north of Melbourne’s CBD. Close proximity is Alexandra Parade, which provides a direct route to the Eastern Freeway. Neighbouring streets include Rathdowne Street together with the renowned ‘Rathdowne Village’ and of course Lygon and Drummond Streets.

THE LEASE PROFILE

Start Date: 5 May 2024 (Original Lease commencement 2014)
Lease Expiry: 4 May 2029
Option: Five (5) Years
Current Annual Rent: $55,729.00*
Reviews:	Annual CPI
Outgoings: The Lessee is responsible for all outgoings excl. land tax

TERMS OF SALE

For Sale by Private Treaty, with inspections by appointment.

A Contract Of Sale and Vendor Statement are available on request.

We welcome your enquiry.







* - approx.