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54 Fitzroy Street St Kilda, VIC 3182

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For Sale

54 Fitzroy Street St Kilda, VIC 3182

Shop & Retail • Hotel & Leisure
Sale Price

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Land area

503.0m²

Floor area

1130.0m²

Property extent

Whole

Zoning

Commercial 1

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$486,725
Number of Tenants
1 Tenant
Tenants / Type
Hotel

A ST KILDA ICON – SECURE INVESTMENT IN THE ACTION

  • SIGNIFICANT VALUE-ADD POTENTIAL
  • STATE-OF-THE-ART HOSPITALITY VENUE
  • SECURE NET INCOME OF $486,725 PA*

Colliers International is excited to present The Saint Hotel, 54 Fitzroy Street, St Kilda for Private Sale. This investment embodies Melbourne’s beloved hospitality scene, an institution, its occupation as one of Melbourne’s most highly regarded venues would sit proudly in any property portfolio. Key investment highlights are as follows:

• Perfect corner position at the Gateway of Melbourne renowned Fitzroy Street retail precinct

• Significant Commercial 1 landholding of 503m²* allows endless future development opportunities (STCA)

• Securely leased to experienced operator trading as the institution that is ‘Saint Hotel’

• Valuable late night liquor licence – 3am licence with capacity of 430 pax

• State-of-the-art hospitality venue will multiple spaces totalling 1,130m²*

• Current net income of $486,725 per annum*

• Current signage planning application underway to add an additional $80,000 net per annum

• Current lease allows additional levels to be added during lease tenure – suitable for luxury apartments or hospitality space, both of which will have sweeping 360 degree CBD and ocean views

• Perfectly positioned to capture the regeneration of this vibrant inner city suburb and retail strip.

Colliers International strongly recommends this rare opportunity for your serious consideration.

*approx

Property ID: 502901114Last Updated: 3 Dec 2018

54 Fitzroy Street
St Kilda, VIC 3182

Agency contacts

Colliers International - Melbourne East

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Colliers International - Melbourne East

Level 7, Chadstone Tower One, 1341 Dandenong Rd
CHADSTONE, VIC 3148
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Email enquiry

Send to:

Guy Wells
Colliers International - Melbourne East
54 Fitzroy Street St Kilda, VIC 3182

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

Select agent to call

  • Guy Wells

    Colliers International - Melbourne East
    +61 *** ***
  • Ted Dwyer

    Colliers International - Melbourne East
    +61 *** ***
  • Rob Joyes

    Colliers International - Melbourne East
    0418 *** ***