• Established tenant returning $200,000pa + GST and outgoings
• Approximately six years remaining on the current lease term
• Large 2,046sqm freehold site zoned Business – Mixed Use
• High-profile arterial position with excellent visibility and motorway access
54 Northcote Road presents a straightforward passive investment underpinned by a single head lease to established hospitality operator The Beer Spot. The simple lease structure provides dependable holding income without the complexity of managing multiple direct tenancies.
The Beer Spot is responsible for the management of several subtenancies across the property, creating additional income beneath the head lease. This provides a broader underlying occupancy profile while preserving the simplicity and security of a single rental payment to the property owner. This functional building has had a strong occupancy history over the preceding decades of ownership given its exposure and excellent carparking.
The property occupies a substantial freehold landholding on one of the areas main arterial routes, directly off the Northern Motorway. Flexible Business – Mixed Use zoning provides long-term options, while the ongoing regeneration of Northcote’s town centre and surrounding residential neighbourhoods is expected to further strengthen the location and underlying land value.
