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Overview
14-16 Hargraves Street CASTLEMAINE
This prominent commercial investment is ideally located within a thriving and expanding hospitality precinct, positioned conveniently between Maxi IGA and Woolworths supermarkets. The property benefits from two well-established tenancies under a single lease: Tortoise Espresso Café and Table Records, both known for their solid business foundations.
The property integrates seamlessly into a vibrant strip of businesses including Super Hero Takeaway, Love Shack Brewery, and the Theatre Royal, all contributing to significant foot traffic and a lively streetscape. The tenancies have been finished to a bespoke and high-quality standard. The café features a large, well-equipped commercial kitchen, two separate internal seating areas, a private rear courtyard (operating under licence), and footpath trading. Table Records operates from an open trading floor that can be opened into the café areas when permitted, enhancing operational flexibility.
Set within an iconic and prominent corner building that formerly housed the ‘Commercial Hotel’, this property is part of a complex comprising five individual upstairs apartments and three separate commercial properties on the ground level. This unique setup offers a blend of residential and commercial use, adding to the property's appeal and potential.
The current owner is providing a rental guarantee through to December 2027, offering security and confidence for prospective investors. This investment opportunity presents a rare chance to acquire a well-positioned commercial asset within a bustling and growing community hub.
- Prime location in a busy hospitality strip
- Two established tenancies under one lease
- High-quality bespoke fit-outs
- Large commercial kitchen and multiple seating areas in the café
- Private rear courtyard with licensed use
- Flexible open trading floor for Table Records
- Part of a mixed-use building with residential apartments above
- Rental guarantee until December 2027
This property is well-suited for investors seeking a secure and promising commercial investment in Castlemaine’s vibrant retail and hospitality sector.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Castlemaine VIC 3450
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 126 m² |
Market Insights for Castlemaine VIC 3450
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