Roll out the long-term lease of this central Somerville shopfront and watch the rewards rise. Tenanted on a long-term, multi-option guaranteed lease to a franchise of the multi-store food brand Smokin' Joes, this 75sqm shopfront offers exceptional long-term stability, security, and growth in Somerville's premier retail precinct. - Approx. 75sqm shopfront in Somerville Plaza shopping mall - Long-term, multi-option lease - Tenanted by a well-known takeaway food brand - Secure lease to a franchisee backed by a guarantor - Potential 20-year leasing arrangement - Current rent: $46,865.00 per annum - Ongoing options for four further terms, extending until 2043 - Market rental review at the beginning of each term - 3% rent increase with each term - Fully fitted for food preparation, including a 3-sink wash area - Stylish, high-quality fit-out by a strongly committed tenant - WC facilities, reverse-cycle air conditioning, large storage area, and rear access - Located in Somerville's central retail hub – a high-traffic, high-growth position - Situated in a future-forward, outer-suburban locale Surrounding amenities include: - Big brand retailers: Woolworths, Target, Coles, and Direct Chemist Outlet - Major service providers: Australia Post, Dorevitch Pathology, Atticus & Eramosa Medical Centres - Popular local businesses: bakeries, butcher, barbers, cafes, chemist, and liquor store - Adjacent to Somerville Recreation Centre, Reserve, and Sports Park – a key community hub An exceptional long-term investment opportunity in one of Melbourne's fastest growing suburbs. Disclaimer: The information contained in this website has been prepared by eXp Australia Pty Ltd ("the Company") and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website. Due Diligence Checklist -https://www.consumer.vic.gov.au/duediligencechecklist
