Conquest Commercial are pleased to offer this prime retail investment on the Ground Floor of Fawkner Towers at 431 St Kilda Road. This is an excellent opportunity for investors to buy into one of Melbourne's most prominent precincts.
On offer is a 50 sqm* retail shop which has been fully refurbished and owner occupied as a successful café for 3 years.
A snapshot of the lease terms are as follows:
- Leased until September 2028 with two further options of 3 years
- Net Rental of $41,000 + Outgoings + GST per annum
- Fixed 4% per annum increases
Fawkner Towers consists of 11 levels of Residential, 3 levels of Offices and 7 other Ground floor shops, therefore providing a large catchment of customers. The surrounding office and residential buildings, also contributes to the success of the current operator. The shop is also only 400 meters* from the under-construction new Anzac underground Railway Station which will no doubt increase retail rents in the area.
The St Kilda Road frontage, coupled with the success of this expertly operated café provides a great opportunity for savvy investors.
Please contact Luke Conquest for more information.
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