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Written by Marc Pallisco
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Monday, 10 May 2010 22:05 |
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AN upmarket Indian restaurant has leased a prominent Docklands retail space which has sat vacant for two years.
Shiraaz will replace the restaurant known as the Quay Bar and Brasserie, leasing 744 square metres of indoor and outdoor space at the ground level of 12 – 16 New Quay Promenade, a gateway building, within MAB Corporation’s New Quay precinct.
The building is prominent to anybody walking into New Quay from the CBD via Harbour Esplanade, and is at the eastern most edge of MAB Corp’s prominent piece of the $15 billion Docklands development.
CB Richard Ellis senior negotiator Max Cooke’s said the Indian restaurant has leased the restaurant for 10 years, with a further five year option.
Shiraaz is paying a starting rent of $350,000 gross, and its lease includes a six month rent free period.
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