Property Development

Chef’s Hat signs major lease deal at GPT Group’s Citiport Business Park

Chef’s Hat signs major lease deal at GPT Group’s Citiport Business Park
Written by The ReReport
As seen in the Source link, written by realestatesource.com.au on 2019-07-08 18:32:57

The South Melbourne based Chef’s Hat also sells online.

The GPT Group’s Citiport Business Park, in Port Melbourne, is fully leased following a major commitment by Chef’s Hat.

The hospitality equipment supplier is paying starting annual rent of $150 per square metre for the 2974 sqm warehouse at 274 Salmon Street (pictured, top).

Lemon Baxter’s Chris Chartres and Ben Hackworthy negotiated the deal.

Four kilometres south-west of the Melbourne CBD, 274 Salmon Street is configured with a modern and data cabled office and showroom, large clear span warehouse with 7.5 metre clearance and two roller doors, and three-phase power.

It also offers 10 car parks.

The property is opposite part of a former General Motors Holden factory which has been converted into the Portside business park.

Chef’s Hat has a prominent retail store at 131 Cecil Street, opposite the South Melbourne Market.

Mr Chartres said that Port Melbourne industrial rents are
increasing more than any other Victorian market due to the combination of high
demand and low vacancy .