Trophy St Kilda Investment Opposite McDonalds – Major Future Redevelopment Opportunity

• Rare 617 sqm site – ROW access
• Zoning allows for 4 storeys (STCA)
• Renewed 5 year lease plus option

+ Renewed Five (5) year lease to August 2024 plus option to August 2029

+ Lona: Popular bar and function venue with one of St Kilda’s largest outdoor dining areas (The Tenant owns and is responsible for the entire structure/fit out in the rear outdoor dining area)

+ Investor preferred net lease terms with tenant paying all usual outgoings excluding Land Tax

+ Well presented 295 sqm (estimate) venue including bar and restaurant

+ Significant recent tenant funded upgrade works with tenant funding construction of entire rear outdoor dining area (The Tenant owns and is responsible for the entire structure/fit out in the rear outdoor dining area)

+ Rare 617 sqm Commercial 1 Zone (C1Z) landholding with important 12 metre frontage to Acland Street and ROW access

+ Major future redevelopment opportunity with zoning allowing for up to 4 storeys and basement (STCA)

+ Irreplaceable position opposite McDonalds, Luna Park, Palais Theatre and St Kilda beach

+ Within 300 metres of $550 million luxury Saint Moritz Development by Gurner – all pre-sold

+ Affluent inner metro suburb with $1,311,500 median house price*

+ St Kilda: World renowned beachside location only 6km from Melbourne CBD with 2 million visitors annually**

+ Net Income: $190,398 pa + GST

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021

Agent in Conjunction:
Burgess Rawson
Level 7, 140 Bourke Street, Melbourne

*www.realestate.com.au
**www.budgetdirect.com.au