113 Mostyn Street Castlemaine, 3450 VIC

Well Positioned Tenanted Investment in Tightly Held Castlemaine

This premium property is strategically positioned in the bustling heart of Castlemaine's retail precinct, making it a prime investment opportunity.


KEY FEATURES:

- Premium location in a high trading area of the Castlemaine retail precinct

- Very well presented premises with quality fixtures included

- Strong lease to established and performing tenant operating as Royal Sultan Indian Restaurant and licenced Bar

- Lease of $28,800 p.a. for 3 years from June 2023 with 1 x 3 year option

- Excellent street frontage and verandah area

- Commercial 1 Zoning

With a new lease term of 3 years to the Royal Sultan Indian Restaurant and Bar, an established and successful tenant, and a further enticing 3-year option this property offers a stable income stream.

Boasting a well-maintained interior, good quality fixtures and a large main room, this space is well suited to its current restaurant use but could be easily adapted.
The property is zoned for commercial use and has excellent street frontage and inviting verandah area which are perfect for attracting foot traffic

In the tightly held thriving town of Castlemaine this property is a smart addition to any investor's portfolio.

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