Outstanding Retail Investment
1/459 Peel Street, Tamworth NSW 2340
PROPERTY HIGHLIGHTS
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Brand new fit-out with 3 year lease
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High traffic location
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Award winning tenant
DESCRIPTION
Spilt Milk Bar located at 1/459 Peel Street, Tamworth in northern NSW presents a rare opportunity to secure an outstanding retail investment in one of Australia's strongest regional towns.
Secured by Spilt Milk Bar
A brand-new fit-out with 9 additional car spaces provides income security from a trendy hospitality retailer that has now expended across 3 successful regional hospitality locations.
The original Spilt Milk Bar opened in Orange back in 2018, followed by Canberra in 2020, and venue number 3 officially opening in Peel Street, Tamworth in late 2021.
Spilt Milk Bar is a retro inspired old school milk bar very popular amongst our young right through to any age where you are never too old to enjoy delicious ice-cream and gelato. With an eye-catching brand identity, this sweet treat hotspot was designed to balance the nostalgia of classic milk bar vibes with a free-wheeling Australian attitude to create a modern, playful brand - a welcome and refreshing change from an Italo-centric marketplace.
INVESTMENT HIGHLIGHTS
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Brand-new 118sqm retail fit-out + 9 car spaces
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New 5 year lease options to 2039
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Significant annual rental increase fixed at 4%
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Annual net income $62,902.52* (+GST)
For more information please contact Next Commercial's exclusive selling agents: