Located right in the heart of the ever-thriving Buninyong is this rare commercial opportunity to purchase the iconic ‘Red Door’ Building. Being currently leased to a very secure tenant (Red Door Pizzeria) for approx. $521 incl GST per week, the tenure of the lease has a three-year term still to run with further three-year options and CPI...
Located right in the heart of the ever-thriving Buninyong is this rare commercial opportunity to purchase the iconic ‘Red Door’ Building. Being currently leased to a very secure tenant (Red Door Pizzeria) for approx. $521 incl GST per week, the tenure of the lease has a three-year term still to run with further three-year options and CPI increases. The tenant pays all outgoings and has established a wonderful business that provides gourmet wood fired pizzas to Buninyong and surrounding areas.
The position is outstanding being surrounded by other successful businesses, cafes and local pub making the Buninyong community such a sought-after location for a strategic investment opportunity.
The building itself has some remarkable historical features with Adzed timber floors throughout and an impressive timber lined cathedral ceiling with exposed rafters, full commercial kitchen and all toilet amenities built to code. The natural brick walls combined with the rustic feel of the Pizzeria restaurant makes this property an attractive piece of real estate.
The property is being sold currently leased as a going concern and the Red Door Pizzeria will continue to operate under their current lease.
If you would like to view the property, be sure to contact Buxton Ballarat today to arrange your own viewing.
