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SOLD - CONTACT AGENT

Outstanding Retail Investment

1/459 Peel Street, Tamworth NSW 2340

PROPERTY HIGHLIGHTS 

  • Brand new fit-out with 3 year lease

  • High traffic location

  • 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

 

  • Brand-new 118sqm retail fit-out + 9 car spaces

  • New 5 year lease options to 2039

  • Significant annual rental increase fixed at 4%

  • Annual net income $62,902.52* (+GST)

 

For more information please contact Next Commercial's exclusive selling agents:

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