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Affordable St Kilda Retail Investment

5 & 6 Shakespeare Grove, ST KILDA VIC, 3182

Sold

Property Sold in 5 & 6 Shakespeare Grove, ST KILDA VIC, 3182

Listing ID:
11367103
Status:
Sold
Last Updated:
26/11/2019
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Property Type

Retail/Offices/Showrooms/Bulky Goods
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Land Area

N/A
Icon size

Floor Area

89 SQM
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Parking

N/A

Affordable St Kilda Retail Investment

Savills is pleased to offer for sale this prime retail investment in an iconic location in the heart of St Kilda’s retail and lifestyle precinct. This property represents a remarkable opportunity to secure premium investment with a long-term lease to a high profile and successful tenant – ‘Gyoza King’.

The key attributes of this fantastic property include:
- High profile 89sq m* retail property
- Leased to renowned tenant ‘Gyoza King’
-5+5 year lease from December 2018
- Current Net Rental: $82,400pa* plus GST and outgoings (from December 2019)
- Fixed annual 3% rental increases
- Two shops on two titles sold together
- Includes secure basement car parking for two cars
- 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 prime and affordable retail investment not to be missed!

5 & 6 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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