This article is from the Australian Property Journal archive
SYDNEY-based Hungarian patisserie Kurtosh has expanded into Melbourne after signing a 10-year lease along Glenferrie Rd Hawthorn.
Fitzroys associate director Chris James negotiated the lease for the 112 sqm space within the landmark Lido Cinemas complex in 675 Glenferrie Rd Hawthorn, at $85,000 per annum net.
He said the long-term lease highlighted the faith retailers have in the area, and in the cinema complex’s positioning on the popular shopping strip.
Kurtosh has just opened its fourth Sydney location at the new Darling Square precinct in Haymarket.
James said securing a quality operator for the space, located at the rear of the Lido Cinemas, opposite Vapparetto and fronting onto the rear car park, would further activate the cinema complex, which has been a strong performer since reopening four years ago.
“The space attracted enquiry from a number of hospitality operators looking to take advantage of the huge growth prospects and position within one of Melbourne’s most vibrant shopping strips, and most prized catchments,” he said.
