7 Shakespeare Grove St Kilda VIC 3182

Savills Melbourne is delighted to offer for sale this prime retail investment in a highly sought after position within the heart of St Kilda's retail and lifestyle precinct. This property represents a fantastic opportunity to acquire a prominent retail investment with a long-term lease to a high profile and successful tenant 'Jimmy Grants'.

The key attributes of this fantastic property include:
- A super prime retail corner of 133sq m*
- 5 year lease from July 2017 with 4 x 5 year options
- Current Net Rental: $123,382 per annum* plus Outgoings and GST (as at July 2019)
- Fixed annual 3% rent reviews
- Includes secure parking
- Dual street frontages totalling over 23 metres*
- Leased to prized tenant 'Jimmy Grants'
- Jimmy Grants is operated by the renowned restaurant group 'Made Establishment' owner of The Press Club, GAZI and Hellenic Republic
- Premium bayside location only 50m* to prime Acland Street retail and opposite iconic Melbourne tourist destinations; Luna Park and the Palais Theatre
- Surrounded by celebrated tenants in St Kilda's renowned retail and lifestyle precinct
- A superb retail investment not to be missed!

SOLD

For further information or to arrange an inspection please contact:

Benson Zhou - 0458 488 888
Julian Heatherich - 0412 995 655

*Approx.