Keepers bags Bayside restaurant for self-storage
Interstate operator Keepers Self Storage quietly securing a high-exposure Nepean Highway restaurant with redevelopment upside.
The new, Sydney-based group paid $6.2 million for the 3648 square metre site at #1117-1119 in Highett.
The off-market transaction, which settled in 70 days, reflects values land at $1,699 per sqm.
Long held by a local family that previously operated Domenic’s restaurant there, the property is leased to national seafood restaurant chain Kickin’ Inn until July 2028.
Zoned Commercial 2, with 60 metres of highway frontage, with more than 60 car parks, it is near major retailers including Anaconda, KFC and Officeworks (continues below).
MAKER Property’s Anthony Kirwan, Raphael Favas and George Davies brokered the deal.
It failed to sell via a different agency following a public campaign in 2023.
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