Following a successful leasing campaign, 5 Casabella Lane is now fully occupied and presents an opportunity to secure a dual-income commercial investment in the heart of Hamilton’s CBD.
The approximately 100sqm premises is configured into two circa 50sqm retail tenancies, providing investors with two separate rental streams from a single commercial property. Shop 5A is occupied by Lotus Thai, an established Thai restaurant within Casabella Lane, while Shop 5B has recently been leased to Melo & Co Ice Cream & Sweets on a new 2 + 2 year term.
A key feature of the investment is the complementary nature of the two hospitality businesses. Lotus Thai provides an established dine-in and takeaway meal offering, while Melo & Co brings a dedicated ice cream, sweets and dessert offering directly alongside. The combination creates a natural relationship between the two tenancies, with customers dining at Lotus Thai having a convenient dessert option next door, while both businesses contribute to the wider hospitality offering and activity within Casabella Lane.
The successful leasing of Shop 5B brings the property to full occupancy, with the two tenancies providing a combined net rental income of $36,600 per annum. The configuration provides investors with income spread across two separate hospitality operators, while retaining the simplicity of a single commercial investment.
Located at 307 Barton Street, Hamilton Central, Casabella Lane is an established boutique retail and hospitality precinct connecting Barton Street with Anglesea Street. The lane is home to a diverse mix of food, retail and service businesses and provides a distinctive setting within the wider Hamilton CBD.
If you have any questions, require further information, or would like to arrange a viewing of the property, please contact the sole agents Duncan and Travis today.
Key Features:
• Approximately 100sqm premises configured into two circa 50sqm tenancies
• 2 Designated carpark spaces
• Fully leased with two separate rental streams
• Combined net rental income of $36,400 p.a.
• Lotus Thai occupying Shop 5A
• Melo & Co Ice Cream & Sweets occupying Shop 5B
• Complementary meal and dessert hospitality offering
• Positioned within Casabella Lane, Hamilton CBD
