Fitzroys Associate Director Chris James has negotiated the lease of the 112 square metre space within the landmark Lido Cinemas complex at $85,000 per annum net.

He said the straight 10-year lease signed by Kurtosh highlighted the faith retailers have in the area and in the cinema complex’s positioning on the popular shopping strip.

Kurtosh is known for its kürtőskalács - spiral Hungarian pastries also known as chimney cakes – and has just opened its fourth Sydney location at the new Darling Square precinct in Haymarket. 

At a glance:

• Cult Hungarian patisserie Kurtosh leases in space in Hawthorn, the latest Sydney eatery to capitalise on Melbourne’s nation-leading retail spend
• Fitzroys managed the lease of 112 square metres within the landmark Lido Cinemas complex for $85,000 per annum net
• Other Sydney eateries to arrive in Melbourne include Chargrill Charlie’s and Mr Crackles on Bourke Street in the CBD while Mary’s Burgers has just announced it will open its first Melbourne location early in November 

James said securing a quality operator for the space, located at the rear of the Lido Cinemas, opposite Vapparetto and fronting onto the rear car park, would further activate the cinema complex which has been a strong performer since reopening four years ago.

“The space attracted enquiry from a number of hospitality operators looking to take advantage of the huge growth prospects and position within one of Melbourne’s most vibrant shopping strips and most prized catchments,” he said.

“Swinburne University provides a constant flow of pedestrian traffic, underpinning trade for a number of cafés and eateries and through all hours given the growing student accommodation beds in the precinct.

“The strong catchment is enhanced by its position within affluent popular leafy inner-eastern suburbs such as Kew and Camberwell and a number of prestigious schools that also bring further activity to the area, helped further by a range of public transport options.”

Kurtosh is the latest Sydney-based food and beverage operator to look to Melbourne for their expansion plans given the city’s nation-leading retail spend, James said.

James leased a space in nearby inner-eastern suburb Camberwell to iconic chicken and burger business Chargrill Charlie’s which opened recently for its Melbourne debut, as did late-night pork eatery Mr Crackles on Bourke Street in the CBD.

Mary’s Burgers has just announced it will open its first Melbourne location early in November. 

James said that Melbourne and Victoria are now in number one position as the highest retail spenders in Australia replacing Sydney and New South Wales according to CommSec’s latest State of the States report. 

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