144 Brisbane Street

Dubbo NSW 2830

The Grapevine Cafe is an absolutely prime located eatery. It is surrounded by government and private enterprise. Across the road we have Mark Coulton the Federal Member for Parkes, The Police Station and Court House. On the same side of the street and behind in Carrington Avenue are the Federal and State office buildings occupied by a number of departments. Then in Church street, one block from the Grapevine is the Dubbo City Council building. All of these buildings and occupants appear to be long term residents of this area making the Cafe a hive of activity for morning coffee, morning tea, lunches and afternoon tea, plus business meetings etc.
The lease attached to the Cafe is a very strong one. The lease commenced on the 8th May 2013 for a period of 5 years with a 5 year option to renew. The rent increases by a minimum of 3% annually with the rent from the 8th May 2015 increasing to $79,567.50. The lessee is responsible for all outgoings other than the DCC rates. The other feature of these premises is the rear courtyard which seats approx 66 additional customers making the overall seats in the Cafe approx 100. In addition to the cafe there is a first floor residence comprising 2 bedrooms, kitchen and living room, amenities and verandah. I can absolutely recommend this property to compliment any investment portfolio. Asking price Offers over $850,000.