BEGIN:VCALENDAR PRODID:-//commercialrealestate.com.au//NONSGML ical.net 4.0//EN VERSION:2.0 BEGIN:VEVENT DESCRIPTION:Entry-Level Retail Investment | Long-Standing Café in an Iconi c St Kilda Landmark\nCBRE is pleased to offer to the market Hugs N Mugs C afe\, located at 2 St Kilda Road\, St Kilda (Melbourne) VIC\, for sale vi a Investment Portfolio Auction 185\n\nThe property has the following inve stment highlights:\n\n+ Ten (10) Year net lease to February 2033 plus Two (2) further Five (5) Year options to February 2043\n+ Hugs N Mugs: long- standing café within one of Melbourne's most awarded and recognised landm arks\, 'The Icon' building\n+ Attractive 3.5% rent increases\, ensuring r ental growth\n+ Investor preferred net lease terms with tenant paying all usual outgoings\n+ Single tenant minimum management investment\n+ Well-p resented 60sqm* shop plus 2 secure car spaces and storage area on title\n + Irreplaceable corner position on St Kilda Road with frontage and exposu re to 56\,000+ cars passing daily^\n+ Conveniently opposite Gurner Group' s new $300M Build -to- Rent development project providing 297 residences \n+ Neighbouring Wesley College\, The Alfred Hospital\, Albert Park and o nly within metres from Fitzroy Street home to Woolworths\, BWS\, The Euro pean Hotel\, Prince Dining Room\, The Fifth Province and more\n+ St Kilda Road: Established commercial and residential precinct and important gate way connecting the Nepean Highway and Eastern and Bayside suburbs to the Melbourne CBD\n+ St Kilda: An affluent\, inner-metro suburb boasting a $1 \,620\,000 median house price and a world-renowned beachside location\, i t is situated only 5km from the Melbourne CBD and attracts 1.38 million v isitors annually^^\n+ City of Port Phillip: A significant metro Melbourne LGA with over 21\,850 local businesses supporting 97\,838 local jobs and producing $16.27 billion in GRP^^^\n+ Net Income: $35\,612 pa* + GST\n\n For Sale by Investment Portfolio Auction 185\n10:30am AEST Wednesday 24 J une 2026\nGarden Room\, Melbourne Crown Casino\, VIC\n\nPlease contact th e exclusively appointed team for more information.\n\n* Approx\n^ Gapmaps \n^^ Real Estate\n^^^ Forecast.id DTEND:20260624T113000 DTSTAMP:20260526T021606Z DTSTART:20260624T103000 LOCATION:Crown Casino - Melbourne SEQUENCE:0 SUMMARY:Auction: 2 St Kilda Road\, St Kilda VIC UID:CRE-2020868216-Auction X-ALT-DESC;FMTTYPE=text/html:< title>

Entry-Level Retail Investment | Lon g-Standing Café in an Iconic St Kilda Landmark
CBRE is pleased to o ffer to the market Hugs N Mugs Cafe\, located at 2 St Kilda Road\, St Kil da (Melbourne) VIC\, for sale via Investment Portfolio Auction 185

The property has the following investment highlights:

+ Ten (10) Year net lease to February 2033 plus Two (2) further Five (5) Year options to February 2043
+ Hugs N Mugs: long-standing café wi thin one of Melbourne's most awarded and recognised landmarks\, 'The Icon ' building
+ Attractive 3.5% rent increases\, ensuring rental growt h
+ Investor preferred net lease terms with tenant paying all usual outgoings
+ Single tenant minimum management investment
+ We ll-presented 60sqm* shop plus 2 secure car spaces and storage area on tit le
+ Irreplaceable corner position on St Kilda Road with frontage a nd exposure to 56\,000+ cars passing daily^
+ Conveniently opposite Gurner Group's new $300M Build -to- Rent development project providing 2 97 residences
+ Neighbouring Wesley College\, The Alfred Hospital\ , Albert Park and only within metres from Fitzroy Street home to Woolwort hs\, BWS\, The European Hotel\, Prince Dining Room\, The Fifth Province a nd more
+ St Kilda Road: Established commercial and residential pre cinct and important gateway connecting the Nepean Highway and Eastern and Bayside suburbs to the Melbourne CBD
+ St Kilda: An affluent\, inn er-metro suburb boasting a $1\,620\,000 median house price and a world-re nowned beachside location\, it is situated only 5km from the Melbourne CB D and attracts 1.38 million visitors annually^^
+ City of Port Phil lip: A significant metro Melbourne LGA with over 21\,850 local businesses supporting 97\,838 local jobs and producing $16.27 billion in GRP^^^
+ Net Income: $35\,612 pa* + GST

For Sale by Investment P ortfolio Auction 185
10:30am AEST Wednesday 24 June 2026
Gard en Room\, Melbourne Crown Casino\, VIC

Please contact the ex clusively appointed team for more information.

* Approx
^ Gapmaps
^^ Real Estate
^^^ Forecast.id

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