Capitalise on a unique mixed-use asset combining a thriving kebab shop, high-demand backpacker business, and a charming studio apartment all in one of Melbourne's most sought-after beachside locations.
Property Highlights:
- Prime St Kilda position Just minutes from the iconic beach, cafes, and transport
- $62,819.76 p.a. current income with significant upside potential
- Three independent income streams for diversified cash flow
- Growth-ready in one of Melbourne's most dynamic precincts
The Breakdown:
1. Backpacker Operator Lease
- Secure 5-year lease (commenced August 2023)
- $47,219.79 p.a. + GST
- Backpacker Operator leasing the area for their kitchen & reception facilities
- Option for 3 additional 5-year terms
2. Retail Shop (Food Ready Vacant)
- Turnkey kebab shop setup
- 60sqm prime street frontage
- $45,000 p.a. potential income
3. Studio Apartment
- $15,600 p.a. current income
- Flexible monthly tenancy
Why This Stands Out:
- Immediate cash flow from established operations
- Growth potential through vacant retail tenancy
- Long-term security with backpacker operator lease structure
- Location, location, location St Kilda's enduring appeal
This is more than a property it's a complete investment package waiting for a savvy buyer like you.
Limited opportunities like this rarely hit the market inspections are strictly by appointment.
Call now to secure your private viewing:
Jerry Lee 0488 777 919
Daniel Liberman 0438 333 666
Your gateway to St Kilda's thriving tourism and hospitality market starts here!