Rarely Offered 3 Level St Kilda Freehold

Longstanding tenant – in St Kilda for 40+ years
3 year lease to October 2019 plus options to October 2025
Tenants pay all usual outgoings
Annual CPI rent reviews, market review at options
Completely rebuilt 3 level building of 212 sqm including 71 sqm of retail
Air conditioned throughout and full amenities across all floors
3 titles provide future opportunity and flexibility
Potential residential conversion over upper levels (STCA)
High profile location directly opposite the National Theatre
Premium Commercial 1 zoned site with dual access via Belford Street
Multiple income sources providing further investment security
St Kilda: High population density suburb, 6km south east of Melbourne CBD. Significant land value – median house price $1.27m (excellent capital growth history)
Rent: $67,335 pa

Auction 11am AEST Wednesday 17 May 2017
River Room, Crown Casino, Melbourne