AN ESTABLISHED TENANT AND PORT.IT ADDRESS ON THE ALREADY BELOVED MENU

Overview

Description

POINT OF INTEREST:

A good Indian restaurant knows the value of letting things simmer. With a three-year lease and two further five-year options, this Port Melbourne investment has plenty more richness to get out of the sauce. A5.0 on Turner Street offers a 102 sqm* retail investment within the established Port.IT Business Estate, returning $45,618.60 p.a. plus GST and outgoings from Sidhu Productions Pty Ltd, trading as Brothers Indian Restaurant and Café. The tenant commenced a three-year lease in 2024, backed by two further five-year options and a three-month security deposit — giving investors immediate income with a considerably longer relationship potentially still on the menu. The Commercial 2-zoned premises includes kitchen and bathroom facilities, heating and cooling, plus 3 on-site car spaces that are particularly useful in this city-fringe pocket. Outside, the Port.IT address puts the tenancy amongst an established working population in one of Port Melbourne’s best-known business estates, giving Brothers a ready-made local audience and investors an asset where the hard work is already served.

- Leased to Sihdu Productions Pty Ltd trading as Brothers Indian Restaurant and Café.
- $45,618.60 plus GST and outgoings in rental income.
- 3-year lease from 2024 with 2 x 5-year options.
- 3-month security deposit.
- 102 sqm* total building area.
- 3 allocated on-site car spaces.
- Commercial 2 zoning.
- 300 m* to Lorimer Street.
- 1.5 km* to the West Gate Freeway.

POINT OF VIEW:

Brothers keep the kitchen busy; Port.IT keeps the local catchment close; and the lease keeps the income coming. This is one investment where everyone already knows their role.

*Approx.
Pricing excludes GST