CBRE is pleased to offer to the market Hugs N Mugs Cafe, located at 2 St Kilda Road, St Kilda (Melbourne) VIC, for sale via Investment Portfolio Auction 185

The property has the following investment highlights:

+ Ten (10) Year net lease to February 2033 plus Two (2) further Five (5) Year options to February 2043
+ Hugs N Mugs: long-standing café within one of Melbourne’s most awarded and recognised landmarks, ‘The Icon’ building
+ Attractive 3.5% rent increases, ensuring rental growth
+ Investor preferred net lease terms with tenant paying all usual outgoings
+ Single tenant minimum management investment
+ Well-presented 60sqm* shop plus 2 secure car spaces and storage area on title
+ Irreplaceable corner position on St Kilda Road with frontage and exposure to 56,000+ cars passing daily^
+ Conveniently opposite Gurner Group’s new $300M Build -to- Rent development project providing 297 residences
+ Neighbouring Wesley College, The Alfred Hospital, Albert Park and only within metres from Fitzroy Street home to Woolworths, BWS, The European Hotel, Prince Dining Room, The Fifth Province and more
+ St Kilda Road: Established commercial and residential precinct and important gateway connecting the Nepean Highway and Eastern and Bayside suburbs to the Melbourne CBD
+ St Kilda: An affluent, inner-metro suburb boasting a $1,620,000 median house price and a world-renowned beachside location, it is situated only 5km from the Melbourne CBD and attracts 1.38 million visitors annually^^
+ City of Port Phillip: A significant metro Melbourne LGA with over 21,850 local businesses supporting 97,838 local jobs and producing $16.27 billion in GRP^^^
+ Net Income: $35,612 pa* + GST

For Sale by Investment Portfolio Auction 185
10:30am AEST Wednesday 24 June 2026
Garden Room, Melbourne Crown Casino, VIC

Please contact the exclusively appointed team for more information.

* Approx
^ Gapmaps
^^ Real Estate
^^^ Forecast.id