By Jamie Salter
Popular Pakenham restaurant Copper and Fox is up for sale in what is being described as “a secure investment opportunity”.
Located at Lakeside Boulevard, Copper and Fox is in a prime position close to Coles, Aldi, Bunnings and the Cardinia Cultural Centre.
Dandenong real estate agency Facey Property will be selling the building by way of expressions of interest.
The current owners are less than two years into a possible 20-year lease, paying $96,410 in rent per year.
Agent Matt O’Dea said the current owners weren’t involved with the business and have been the sole owners since the building was constructed.
“They are selling it for an investor to run,” Mr O’Dea said.
“We’re quoting the market from $1.8m to $1.9m. We’ve had really strong online enquiries and were starting to have inspections there now.
“The restaurant is on a five-year lease that commenced in 2020 and they’ve got 15 years worth of options to extend the lease.”
He said the sale of the building shouldn’t disturb the restaurant’s operation.
“There’s fairly limited competition for what they provide, it’s in a strong location and offers functions upstairs – so it has a lot going for it.”
Expression of interest will close on Wednesday 24 August at 5pm.
