Ideally positioned within a booming and tightly held hospitality strip, this property sits conveniently between Maxi IGA and Woolworths supermarkets and benefits from two established and complementary tenancies under a single lease: Tortoise Espresso Café and Table Records, both well-regarded businesses with strong trading histories.
The property integrates seamlessly into a vibrant streetscape, surrounded by popular operators including Super Hero Takeaway, Love Shack Brewery, and the Theatre Royal, all of which contribute to excellent foot traffic and consistent exposure.
Both tenancies have been fitted out to a high bespoke standard. The café features a spacious, well-equipped commercial kitchen, two internal seating areas, a private rear courtyard (under licence), and approved footpath trading. Table Records offers an open-plan retail floor, with the flexibility to connect into the café space when permitted.
Set within an iconic and prominent corner building, formerly known as the Commercial Hotel, the property forms part of a larger complex comprising five upstairs residential apartments and three ground-level commercial holdings.
An outstanding commercial investment opportunity, delivering a guaranteed return of 6.84% with an annual rental income of $52,000, secured by the owner through to December 2027 with two further 3-year terms.
