7 Shakespeare Grove,
St Kilda, VIC 3182
Shops & Retail • Offices • Hotel, Motel & Leisure
Key property information
Land area
Floor area
Tenure type
Sold on
Savills - Melbourne
Level 29, South Tower, 80 Collins StreetMELBOURNE, VIC 3000
7 Shakespeare Grove
St Kilda, VIC 3182
Map of 7 Shakespeare Grove
Absolute Prime St Kilda Retail Investment
- Leased to Prized Tenant Jimmy Grants
- 5 Year Lease with Options
- Premium St Kilda Location
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!
SOLD
For further information or to arrange an inspection please contact:
Benson Zhou - 0458 488 8...
Julian Heatherich - 0412 995 6...
*Approx.
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!
SOLD
For further information or to arrange an inspection please contact:
Benson Zhou - 0458 488 8...
Julian Heatherich - 0412 995 6...
*Approx.
St Kilda, 3182 demographic data
The median household income for St Kilda is $1,779, 6% lower than Greater Melbourne's household income of $1,901. St Kilda has a younger age profile compared to the rest of Greater Melbourne (median age 36 vs 37). Property ownership data shows 60% of property owners in St Kilda have a mortgage.
19,490
Population
$1,779 per week
Median household income
36 years
Median age
Renters
Most residents
Singles
Most households
Savills - MelbourneLevel 29, South Tower, 80 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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