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Brand New 6 Year Lease to 2028 – Prized Ground Level St Kilda Road

1 & 2/598 St Kilda Road , Melbourne VIC

Property Highlights

New 6 year net lease to 2028
Annual 3% rent increases
31,800 vehicles passing daily

Description

+ Brand new 6 year lease to 2028 plus option to 2034.
+ Charles Lloyd Property Group: a well established residential and commercial developer for over 40 years.
+ Strong and certain rental growth with annual fixed, compounding 3% increases.
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings excluding land tax.
+ High profile 217 sqm* ground floor premises with on-title car space.
+ Strategic corner position with direct frontage and exposure to St Kilda Road and Lorne Street, two major arterial roads with 31,800 vehicles passing daily.**
+ St Kilda Road: Centrepiece of Melbourne, connecting the Nepean Highway and the South Eastern Suburbs to the Melbourne CBD.
+ Strategic Metro-Melbourne office precinct and high-end residential location just 5km* from Melbourne CBD.
+ Easy access from Queens Road, an important Melbourne commuter road servicing 79,000 vehicles per day.**
+ Less than 2km from the Anzac Railway Station – Due for completion by 2025. The $13.7 billion Metro Tunnel project will deliver a state-of-the-art underground railway station on St Kilda Road – By 2031, 40,000 people are forecast to use the station daily, underpinning the 33,000 jobs in the St Kilda Road precinct.***
+ Rent: $103,000 pa* + GST.

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 11 May 2022
Crown Casino – River Room

*Approximately
**GapMaps
*** Big Build VIC GOV

Burgess Rawson Agents
Shaun Venables 0411 860 865
Rick Jacobson 0413 830 083
Justin Kramersh 0460 349 605

Vinci Carbone Agents
Frank Vinci 0418 375 375
Joseph Carbone 0418 351 316

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Office
Land Size
217 SQM
Building Area
217 SQM

Contact Agents

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