148-150 Murphy Street, RICHMOND VIC 3121 SALE

Gorman Commercial in conjunction with Teska Carson are pleased to offer the Mount Culture Brewery, 148-150 Murphy Street, Richmond for sale by Expressions of Interest closing on Wednesday 30^th September at 2pm.

This land rich investment opportunity, located in the heart of Melbourne’s city fringe will suit an astute buyer looking capitalize on this fast-growing location with security of tenure from one the Australis’s most exciting hospitality sectors.

Key investment highlights include:

 - Lease Term: 10 + 5 + 5 years
 - Strong passing income of $370,967 pa + GST + outgoings with annual rental reviews
 - Total building area of 1,350 sqm
 - Total land area of 1,000sqm (approx) with a 23+ metre frontage to Murphy Street
 - Securely leased to Mountain Culture which has grown into one of Australia’s most recognized boutique beer brands in Australia, winning multiple awards and now with five well established venues across VIC, NSW & TAS
 - The building has been meticulously re-imagined into one of Australis’s most specular ‘Brew Pubs”, with no expense spared, every inch of the property has been architecturally designed allowing for exceptional hospitality experience
 - The improvements comprise a large ground floor bar, open kitchen, first floor private function room and substantial office space for staff. Past the public access areas is a world class brewing facility and large storage facilities
- Situated within the once light industrial pocket of Richmond, the property is conveniently located nearby excellent lifestyle and transport amenity and on the boarder of the affluent West Hawthorn residential location

Major projects in planning or under development in the area are:

 - $400m CBUS re-development of the NHP site on River Street consisting of a 12 level, 200-unit development
 - Constant evolution of Victoria Gardens which is currently undergoing a $500m Build to Rent redevelopment, delivering 476 new apartments