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