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Burgess Rawson in conjunction with Nichols Crowder, are pleased to offer to the market 31 Ambrose Avenue, Cheltenham VIC for sale via Investment Portfolio Auction 176.

Key features include:

* Brand new ten (10) year lease to February 2035, plus further options to 2045.
* Sana Coffee: A successful café with a new, modern deco fit-out, open 7 days a week with dine-in, outdoor seating, and delivery options.
* Fixed 4% annual rent increases, ensuring certain income growth.
* Landlord-favourable net lease terms, with the tenant responsible for usual outgoings.
* State-of-the-art construction, 124sqm* café within Riverlee and Brico’s Belrose Development with seating for 70 patrons plus an additional 43sqm* on-title outdoor area and amenities.
* Brand new 2024 construction, providing maximum tax-saving depreciation benefits.
* The booming area of Cheltenham within the City of Bayside is forecast to see population surge 93% by 2046. (1)
* Desirable bayside location, only 16km* south of the Melbourne CBD.
* Strategically positioned within Cheltenham, surrounded by Mirvac’s Jack Road Development seeing 185 dwellings added to the area.
* Net Income: $51,025 pa* + GST.

For Sale by Investment Portfolio Auction 176
10:30am AEST Wednesday 14 May 2025
Garden Room, Crown Casino

For further details or to arrange an inspection please contact:

Nichols Crowder
James Glen 0401 493 277

Burgess Rawson – Melbourne
Beau Coulter 0413 839 898
Matthew Wright 0458 290 588
Mark Foster 0475 454 431

DISCLAIMER:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.

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