221 Barkly Street , St Kilda

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** 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.


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Level 1, 30 Collins Street
Melbourne VIC 3000