Café king lists Vermont retail, apartment investment
Ex-VFL player turned café owner and coffee roaster, Julien Moussi, is selling a recently refurbished Vermont retail investment with a leaseback.
The 196 square metre holding, 37 Centre Road, at the corner of Beddoe, contains two ground floor tenancies – a former milk bar and bottle shop – which were this year amalgamated and reopened as the Vermont General Store.
The property also contains an upstairs two bedroom apartment.
Mr Moussi is offering it with an initial 10 year leaseback paying starting annual rent of $73,500.
With options he can stay until 2051.
Marketing agents Jones Real Estate’s Sam Guest and Paul Jones are expecting a result of $1.15-$1.25 million (story continues below).
Moussi expands business
Mr Moussi’s Only Hospitality Group has opened 25 Melbourne cafes.
The former Box Hill Hawks player – who retired in 2009, age 21, due to injury – also controls the Inglewood Coffee Roasters business, which is based in Mount Waverley.
Earlier this year the hospitality executive purchased the leasehold of Collingwood’s ex-Robert Burns Hotel. In Smith St, that asset recently reopened as Hotel Collingwood.
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