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64-66 Acland Street
St Kilda VIC 3182
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Sold on 27 Mar 2021

64-66 Acland Street St Kilda VIC 3182

  • Shop & Retail
  • 295 m²
  • Sold

Trophy St Kilda Investment Opposite McDonalds Major Future Redevelopment Opportunity

    + Renewed Five (5) year lease to August 2024 plus option to August 2029
    + Lona: Popular bar and function venue with one of St Kildas 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 295sqm 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 617sqm 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: $190,398pa + GST

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

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

    AUCTION

    Auction date and time31/03/2021 10:30
    Auction location64-66 Acland Street, St Kilda VIC

    Property Highlights

    Date Sold27 Mar 2021
    Floor Area295 m²
    Land Area617 m²
    ParkingAsk Agent
    Property ID2016855721
    Category
    Last updated  1 Apr 2021
    Map for 64-66 Acland Street St Kilda VIC 3182

    Property Highlights

    Date Sold27 Mar 2021
    Floor Area295 m²
    Land Area617 m²
    ParkingAsk Agent
    Property ID2016855721
    Category
    Last updated  1 Apr 2021

    Co-Agents

    Beau Coulter
    Burgess Rawson VIC Pty Ltd
    Call
    0413 839 898
    Raoul Holderhead
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 304
    Zomart He
    Burgess Rawson VIC Pty Ltd
    Call
    0488 220 830

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