The property offers 1924 sqm of land with two street frontages. This unique property offers 8 retail stores, above levels hosting 40 rooms now let on residential leases providing a unique hybrid investment in the heart of St Kilda. The property also provides a Permit approval at the back of the the property for additional 54 apartments, carparks, bike racks and storage units that faces behind and from Jackson Street.
The total GFA is 12,379 sqm with current use and the addition approved DA permit.
Possible rent return is in excess of $1.0m p.a.