This article is from the Australian Property Journal archive
STEVE Rowley, Matt Vero and their team behind popular cafés Left Field in Carnegie, Plain Sailing in Elwood and Port of Call in Sandringham are opening their latest venture, Nine Yards, in South Melbourne’s new mixed-use development, Piccolo House.
Nine Yards will occupy a 178 sqm space within a heritage-fronted building formerly used horse stables, and is now part of the $30 million multi-level project by Piccolo.
On an island site at 228-230 Dorcas St and 10 Charles St, Piccolo House is a boutique development featuring luxury residential apartments, premium office and hospitality space.
Fitzroys agents James Lockwood and Stephen Land leased the ground floor retail
component to Nine Yards at $115,000 per annum net plus outgoings and GST, on a secure five-year deal with three five-year options.
Nine Yards will be Rowley and Vero’s ninth café and will be opening soon. The venue will have room for about 130 diners.
Head chef of Plain Sailing, Lydia Hean, has brought in as an equity partner and will run the kitchen.
Plain Sailing is also located within a Piccolo development, Elwood House. On the first floor, Land and Lockwood have leased the 152sqm space to Bruni Dunn
Advertising on a three-year deal with two three-year options at $68,000 per annum net plus outgoings and GST, equating to $447 per sqm.
Land said Melbourne’s growing southern fringe office market continues to ride the momentum of businesses large and small eyeing off spaces in the inner city.
“Strong interest was received from prospective tenants and six offers were submitted in a short period of time. Enquiries came from boutique retail operators such as bridal showrooms, gym and personal training studios and office tenants including such as architects, marketing and business management consultants and advertising,” he said.
Lockwood said: “We continue to see strong demand for creative offices within this size bracket and which will be finished to an exceptional quality. Many tenant types want their office to represent the quality of work they can provide to their clients,”
