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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.
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