7 SHAKESPEARE GROVE, ST KILDA

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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!

7 Shakespeare Grove, St Kilda is For Sale by Expressions of Interest closing Wednesday 26 June at 2pm.

 

 

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