Long term lease to proven tenant on 1,378sqm site
• Fully refurbished hospitality venue/warehouse with 8 year lease to proven tenant
• Returning $245,000pa + GST
• High-profile Morningside location with two road frontages and off-street car parking
• Underpinned by 1,378sqm (more or less) land zoned Business - Local Centre
• A bottom drawer investment and strategic land bank
A rare opportunity to secure a hands-off investment in the city fringe with a long-term lease to a proven and iconic team.
Urbanaut is a popular and proven craft brewery, founded in 2017. Following a full refurbishment, upgrade and repurposing of the property, 597 New North Road now serves as their flagship tap room and restaurant, with further production, distribution facilities also located on site.
The property is underpinned by 1,378sqm (more or less) of fee simple land, zoned Business - Local Centre, further adding to the value proposition of this strategic opportunity.
A bottom drawer investment in a sought-after location not to be missed. Call now for further information.
• Returning $245,000pa + GST
• High-profile Morningside location with two road frontages and off-street car parking
• Underpinned by 1,378sqm (more or less) land zoned Business - Local Centre
• A bottom drawer investment and strategic land bank
A rare opportunity to secure a hands-off investment in the city fringe with a long-term lease to a proven and iconic team.
Urbanaut is a popular and proven craft brewery, founded in 2017. Following a full refurbishment, upgrade and repurposing of the property, 597 New North Road now serves as their flagship tap room and restaurant, with further production, distribution facilities also located on site.
The property is underpinned by 1,378sqm (more or less) of fee simple land, zoned Business - Local Centre, further adding to the value proposition of this strategic opportunity.
A bottom drawer investment in a sought-after location not to be missed. Call now for further information.
Key features
Land area breakdown
1,378sqm (more or less) site
Zoning
Business - Local Centre
Passing income
Returning $245,000pa + GST
Available
A bottom drawer investment and strategic land bank
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