CRS Property is pleased to offer this property for Sale by Auction on Thursday 30th November 2023 at 2.30pm on site.
Located in the Metropol Complex at the gateway to Melbourne's Iconic Fitzroy Street. This exceptional strata investment, leased to Lola St Kilda and positioned with the famous Fitzroy Street lifestyle and hospitality precinct is renowned worldwide for its eclectic mix of culture, fashion, galleries, cafes, restaurants, bars and live music venues.
An opportunity to acquire a prized investment in the most popular and vibrant beachside suburbs is offered for your consideration.
Key features include:
• Building area of 160 sqm approx. and licenced outdoor private deck.
• Fully refurbished space with immaculate fit-out.
• Lease 7 + 5 + 5 + 5-year lease from February 2022
• Current Income: $75,593.00 per annum plus outgoings and GST
• Annual increase by CPI, Market at each option.
• Leased to experience operator trading as Lola St Kilda and runs The Kilburn and The George Lounge
• Leading lifestyle and entertainment precinct hosting the Prince of Wales Hotel, Circa, The George Hotel, Luna Park, The Esplanade Hotel, Palais Theatre and more.
• Affordable investment opportunity securely leased to a proven operator in the heart of St Kilda's buzzing retail and hospitality precinct.
• Excellent prospects for strong capital growth.
• St Kilda is just minutes away from the Melbourne CBD and enjoys easy access to major arterial roadways including St Kilda Road, Marine Parade and Beaconsfield Parade.
• Excellent Public transport, including tram services on Fitzroy Street and the iconic St Kilda light rail station.
For more information, please contact.
Lou Montalti on 0488 553 455 or Ross Mercorillo 0418 227 354
