Teska Carson is pleased to offer 168 Carlisle Street, St Kilda for Public Auction on Thursday 31 August 2023 at 12 noon on site.
This is a brilliant opportunity for owner occupiers, investors, value add buyers and developers to secure a land rich investment with holding income and substantial upside in the vibrant and eclectic bayside suburb of St Kilda.
Key attributes of this offering include:
- Current income of $94,634 per annum plus GST & Outgoings
- Lease expires 26 January 2026 with no further options
- Leased to McGrath St Kilda –a subsidiary of one of the most successful Real Estate franchises in Australia
- 189sqm of existing improvements are in immaculate condition
- A total site area of 403sqm* and zoned Commercial 1 providing multiple development outcomes (STCA)
- On-site parking for 9 cars accessible via rear lane way from Duke Street
- Ideally positioned 1.5km from St Kilda beach, a major tourist hub and drawcard for the area
- St Kilda has evolved into a highly sought-after and prosperous bayside location, with popular retail and entertainment precincts, Fitzroy, Chapel and Acland Streets in close proximity
- Close proximity to major arterial routes including St Kilda Road, Brighton Road and Dandenong Road, as well as all forms of public transport.
Please do not hesitate to call for further information.
*approximate
