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ICONIC ST KILDA FREEHOLD INVESTMENT | RENEWED LEASE TO 2030 PLUS OPTIONS

175 Acland Street, St Kilda VIC 3182

  • Tenant on-site for 10 + Years
  • Iconic freehold building
  • Acland Street institution

Aston are pleased to offer 175 Acland Street, St Kilda for Private Sale.

• Renewed lease to 2030 plus three (3) further five (5) year options through to 2045
• Veludo Bar: Hospitality giant on site for over 10 years, licensed for 300 patrons
• Strong and certain income growth with fixed annual, compounding 4% increases
• Income: $194,780 pa* + GST (as at 1 June 2024)
• Investor preferred net lease terms with tenant paying all usual outgoings excluding Land Tax
• Trophy 326sqm* Commercial 1 Zone (C1Z) landholding with important 12 metre* frontage to Acland Street
• Extensive tenant funded upgrade and refurbishment
• Well presented 380sqm* 2-level venue including bar and restaurant
• Irreplaceable position in close proximity to Acland Court Shopping Centre, Luna Park, Palais Theatre, Woolworths, Coles and St Kilda beach
• St Kilda: Affluent inner metro suburb with $1,525,000 median house price**
• St Kilda: World renowned beachside location only 6km from Melbourne CBD with 1.38 million visitors annually***
• City of Port Phillip: A significant metro Melbourne LGA with a current population of 117,711 residents that is forecast to grow 42.2% to 167,363 by 2041 ****

Contact Aston today to arrange an inspection.

*approx
** realestate.com.au
***St Kilda Melbourne
****Forecast.id

Enquire now

175 Acland Street, St Kilda VIC 3182