7 SHAKESPEARE GROVE, ST KILDA
Savills Melbourne is delighted to offer for sale this prime retail investment in a highly sought after position within the heart of St Kilda’s retail and lifestyle precinct. This property represents a fantastic opportunity to acquire a prominent retail investment with a long-term lease to a high profile and successful tenant – ‘Jimmy Grants’.
The key attributes of this fantastic property include:
A super prime retail corner of 133sq m*
5 year lease from July 2017 with 4 x 5 year options
Current Net Rental: $123,382 per annum* plus Outgoings and GST (as at July 2019)
Fixed annual 3% rent reviews
Includes secure parking
Dual street frontages totalling over 23 metres*
Leased to prized tenant ‘Jimmy Grants’
Jimmy Grants is operated by the renowned restaurant group ‘Made Establishment’ owner of The Press Club, GAZI and Hellenic Republic
Premium bayside location only 50m* to prime Acland Street retail and opposite iconic Melbourne tourist destinations; Luna Park and the Palais Theatre
Surrounded by celebrated tenants in St Kilda’s renowned retail and lifestyle precinct
A superb retail investment not to be missed!