** SOLD **
Gross Waddell ICR is pleased this prime retail investment located in the thriving St Kilda retail and entertainment precinct.
• Superbly positioned retail investment within St Kilda’s Acland Street retail/restaurant precinct with abundance of lifestyle amenities
• Leased to ‘That Burger Joint’
• New 5-year lease (comm. 1st March 2022) + option
• Net income of $37,800 per annum* with fixed 3% annual increases
• Located on the preferred western side of Barkly Street and 55m* south of Acland Street
• Exceptional 138 sqm* land holding with a favourable Commercial 1 Zone (C1Z) and a right of way at the rear
• Within by an eclectic and established retail catchment which houses an array of local and national retailers and food operators
• Located within the inner bayside suburb of St Kilda which boasts a median house price of $1,800,000 (source REIV)
For further information or to organise an inspection, please contact Gross Waddell ICR directly.
*Approx.
