Biggie Small up for sale

Shane Delia is selling his rap-themed Biggie Smalls Kbabs restaurant.

This one is in the Melbourne suburb of Windsor.

The celebrity chef is offering something that’s perfect for investors.

The double fronted building is a potential $3 million combo meal mecca.,

The building includes the popular eatery on the ground level. And it also has office space used by Brick Lane Brewing Co upstairs.

All this will go to auction later this week.

Biggie Smalls plays on the name of murdered US rapper Biggie Smalls. It serves up whimsically named meals from Biggie Snack Packs to Piggy Smalls pork belly wraps.

The 167 square metre site is located at 36 Chapel Street, right at the top end of Melbourne’s most popular street.

Fitzroys commercial real estate agency director Chris Kombi says it’s perfectly located, sitting in one of Melbourne’s best known shopping and dining destinations.

“It’s rare to get something opposite a pedestrian crossing and with the train and a tram stop nearby,” Mr Kombi told realestate.com.au.

“So it’s received strong interest.”

What’s on offer is 220 square metres of internal spaces stretching across two levels.

And the return on investment from tenants is a solid $128,128 a year.

It’s the second time one of Delia’s popular restaurants has gone to auction this year.

In April, the chain’s original 86 Smith St, Collingwood, located on the popular shopping strip in Melbourne’s north, set a $3.58 million benchmark.

Mr Kombi handled that sale as well.

He told realestate.com.au that having a famous face as one of the key tenants had helped the property to the highest figure ever paid for a single-fronted shop in the area.

Shane Delia is best known as the owner of Maha Restaurant, and through a popular cookbook.

Delia has also developed a high public profile by his appearances in TV shows like Shane Delia’s Spice Journey and Postcards.

The iconic Biggies Smalls eatery will be auctioned at 1pm on Thursday, August 16.

Leon Gettler - 18 August 2018