90 Beaconsfield ParadeAlbert Park VIC 3206
Property Details for 90 Beaconsfield Pde, Albert Park
Last Listing description (March 2019)
Situated in the heart of Beaconsfield Parade you will find this prime investment opportunity, located in one of Bayside s most iconic and high end developments. 90 Beaconsfield Parade was also awarded Asia pacific property of the year, making it one of Melbourne s stand out developments.
This premium investment currently trading as Pineapple Palm caf , is run and operated by a 30 year food and beverage expert, having run and set up highly credential hospitality venues all over the world. Sited on the prominent corner of Victoria Ave and Beaconsfield Parade the site offers an abundance of both car and pedestrian traffic, exceptional street exposure and within close proximity to some of the area s best bars and restaurants. Directly across from the beach this prime location attracts customers from all over Melbourne.
This 160sqm (approx.) has one of the area s best caf fit outs, and an exceptional trading history since its inception in 2018. This investment will be a great addition to any investors portfolio and truly is a set and forget opportunity.
Secure Five (5) year term with three (3) further five (5) year options.
Starting net rental -$95,000 per annum plus GST and outgoings.
4% fixed increases.
Four (4) months net bank guarantee in place.
Signed directors guarantees.
Lease commencement 21st September 2018.
160sqm NLA.
Three (3) secure on title car spaces.
For further details please contact Paul Pellegrino or Paul Lillis for further information.
Property History for 90 Beaconsfield Pde, Albert Park, VIC 3206
- 02 Mar 2019Sold for $1,789,000
- 02 Mar 2019Sold for $1,789,000
- 31 Jan 2019Listed for Sale Not Disclosed
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About Albert Park 3206
The size of Albert Park is approximately 2.8 square kilometres. It has 10 parks covering nearly 55.1% of total area. The population of Albert Park in 2016 was 6215 people. By 2021 the population was 6044 showing a population decline of 2.8% in the area during that time. The predominant age group in Albert Park is 50-59 years. Households in Albert Park are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Albert Park work in a professional occupation.In 2021, 60.80% of the homes in Albert Park were owner-occupied compared with 58.90% in 2016.
Albert Park has 3,646 properties. Over the last 5 years, Houses in Albert Park have seen a 10.25% increase in median value, while Units have seen a -7.58% decrease. As at 31 March 2026:
- The median value for Houses in Albert Park is $2,390,574 while the median value for Units is $829,844.
- Houses have a median rent of $990 while Units have a median rent of $635.
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