This article is from the Australian Property Journal archive
BRUNSWICK’S Tabet’s Bakery has sold for $1.5 million after attracting more than 130 enquiries from investors.
The 607 Sydney Rd Brunswick property was sold by Fitzroys agents James Lockwood and Ervin Niyaz, on behalf of a Melbourne-based private owner.
Lockwood said the property offered a rare opportunity to invest in a prime location within vibrant Brunswick, surrounded by numerous recently completed high-density projects and a surging residential population.
The two-storey freehold has a five-year lease over the groundfloor to Tabet’s, with a vacant first floor apartment. Tabet’s is renowned for its Lebanese pizzas, popular fare in a precinct has owes much of its character to the influence of a number of Middle Eastern cultures.
Zoned Commercial 1, it is on a 180 sqm site with on-site undercover car parking.
Lockwood said the owner is a private investor looking to hold the property as a long-term investment, and capitalise on the growing catchment in the immediate vicinity that is spurring demand for local business.
Australian Property Journal
