Retail
For Sale
CASHFLOW TODAY, DEVELOP TOMORROW
262-266 Inkerman Street, St Kilda East VIC 3183
Aston Commercial in conjunction with DBRE Property are pleased to present 262-266 Inkerman Street, St Kilda East for Sale via Auction on Thursday 25th February 2021 at 12 noon on-site.
Offered for the first time in over 50 years this truly is a rare offering. The prime corner allotment of 358sqm* is in the heart of the tightly held St Kilda East precinct, a prime city fringe suburb just 8 kilometres from the CBD. The property is securely leased to long standing tenants, Zanini Pizzeria and New Inkerman Drycleaners providing security of income.
A flexible property that is ideal for either the Passive Investor seeking consistent solid returns or the Entrepreneurial Investor that can unlock the future development upside.
With a Commercial 1 Zoning there is scope to explore multiple project options (some subject to Council Approval) in the future, whilst receiving regular rental income from the well-established tenants.
Key highlights of this property include:
• Land Area: 358 sqm*
• Building Area: 236 sqm*
• Zoning: Commercial 1 (C1Z)
• Total Rental income: $81,423 per annum* plus outgoings and gst
• Future development potential (STCA)
For further information, please contact the exclusive selling agents.
*approx.
Auction
Thu 25th February 2021 12:00 PM
262-266 Inkerman Street, St Kilda East VIC 3183
Contact agent to confirm the time and location
Fred Nucara
Director and Officer in Effective Control
Director and Officer in Effective Control
03 8532 2222 0418 567 560 fred@astoncommercial.com.auJeremy Gruzewski
Director and Head of Agency
Director and Head of Agency
03 8532 2222 0422 211 021 jeremy@astoncommercial.com.au262-266 Inkerman Street, St Kilda East VIC 3183