CBRE is pleased to offer to the market Bay City Burrito at 4 Shakespeare Grove, St Kilda VIC for sale via private treaty. This investment has the following key highlights:

+ 5 year lease to December 2028 plus three (3) further five (5) year options through to 2043
+ Bay City Burrito: Experienced hospitality operator with over 14 years of serving Californian style Mexican Tacos and Burritos.
+ Strong and certain income growth with fixed annual, compounding 4.5% increases
+ Investor preferred net lease terms with tenant paying all usual outgoings excluding Land Tax
+ Prime 149sqm* Commercial 1 Zone (C1Z) retail store with important Shakespeare Grove frontage
+ Important on-title basement carpark and lock up storage area.
+ Irreplaceable position with direct frontage to Luna Park with over 800,000 annual visitors (1)
+ Prime retail location next to Woolworth and only meters from the Coles anchored Acland Street Retail.
+ Strategically situated in St Kildas premier retail and lifestyle precinct, surrounded by national tenant including McDonalds, KFC, Aldi, Chemist Warehouse, Cotton On, and many more.
+ St Kilda: Affluent inner metro suburb with $1,516,500 median house price (2)
+ St Kilda: World renowned beachside location only 5km from Melbourne CBD with 1.38 million visitors annually (3)
+ City of Port Phillip: A significant metro Melbourne LGA with over 21,500 local businesses supporting 93,300 local jobs and producing $15.2 billion in GRP. (4)
+ Net Income: $107,026 pa* + GST

For Sale via Private Treaty

Please contact the exclusively appointed team for more information.

*Approx 1. Premier of Victoria 2. realestate.com.au 3. stkilda.com.au 4. .id