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Premium St Kilda Retail Investment

4 Shakespeare Grove, ST KILDA VIC, 3182

Sold

Property Sold in 4 Shakespeare Grove, ST KILDA VIC, 3182

Listing ID:
11367102
Status:
Sold
Last Updated:
09/12/2019
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Property Type

Retail/Offices/Showrooms/Bulky Goods
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Land Area

N/A
Icon size

Floor Area

149 SQM
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Parking

N/A

Premium St Kilda Retail Investment

Savills is delighted to offer for sale this prized retail investment in a highly sought location in the heart of St Kilda’s retail and lifestyle precinct. This property represents a remarkable opportunity to secure a prominent retail investment with a long-term lease to a long standing and renowned tenant – ‘Bay City Burrito’.

The key attributes of this fantastic property include:
- Prominent 149sq m* retail property
- Leased to super popular eatery ‘Bay City Burrito’
- 5+5+5 year lease from August 2019
- Current Net Rental: $118,660pa* plus GST and outgoings
- Fixed annual 3% rental increases
- Includes secure car parking
- Premium bayside location only 50m* to prime Acland Street retail and opposite iconic Melbourne tourist destinations; Luna Park and the Palais Theatre
- Surrounded by celebrated tenants in St Kilda’s renowned retail and lifestyle precinct
- A superb retail investment not to be missed!

4 Shakespeare Grove, St Kilda is For Immediate Private Sale.

For further information please contact:

Nick Peden - 0402 011 266
Mark Stafford - 0404 401 053
Dorothy He - 0430 183 889

For more details, please email agent

Savills Melbourne

Level 48, 80 Collins Street, Melbourne, VIC 3000


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