Description

A fully leased ground-floor hospitality investment on Parnell Road, returning $70,000 net per annum plus GST, with fixed 3.5% annual rent increases.

The approximately 132 sqm property is leased to 100% Colombian Parnell under a new five-year lease commencing 1 May 2026, with one further five-year right of renewal.

Positioned opposite Heard Park, the property features bifold doors opening onto Parnell Road, an outdoor seating area, a commercial kitchen and two secure basement car parks accessed from Falcon Street.

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Attributes

Building area net

1,421 sf

Media

Investment highlights

Key features

• $70,000 net annual rental income plus GST

• Fixed 3.5% annual rent increases

• Five-year lease to 30 April 2031, plus a further five-year right of renewal

• Approximately 132 sqm ground-floor hospitality unit

• Two secure basement car parks

• Tenant responsible for 100% of recoverable outgoings

• Established Parnell Road location, opposite Heard Park

Parnell continues to build on its established reputation as a dining and lifestyle destination, with new hospitality venues adding to the area’s retail and restaurant offering.

For investors, 151 Parnell Road combines an established commercial location with immediate rental income and contracted annual growth.

For Sale by Deadline Private Treaty closing at 4:00pm, Tuesday 1 December 2026 (unless sold prior).

Contact the sole agents for further information, the Information Memorandum or to arrange an inspection.