Shop 6, 431 St Kilda Road,
Melbourne, VIC 3004
Shops & Retail
Key property information
Floor area
Tenure type
Sold on
Map of Shop 6, 431 St Kilda Road
QAULITY INVESTMENT OPPORTUNITY
- HIGH QAULITY MODERN FITOUT
- GOOD LEASE TERMS
- PRICE REDUCTION
Conquest Commercial are pleased to offer this prime retail investment on the Ground Floor of Fawkner Towers at 431 St Kilda Road. This is an excellent opportunity for investors to buy into one of Melbourne's most prominent precincts.
On offer is a 50 sqm* retail shop which has been fully refurbished and owner occupied as a successful café for 3 years.
A snapshot of the lease terms are as follows:
- Leased until September 2028 with two further options of 3 years
- Net Rental of $41,000 + Outgoings + GST per annum
- Fixed 4% per annum increases
Fawkner Towers consists of 11 levels of Residential, 3 levels of Offices and 7 other Ground floor shops, therefore providing a large catchment of customers. The surrounding office and residential buildings, also contributes to the success of the current operator. The shop is also only 400 meters* from the under-construction new Anzac underground Railway Station which will no doubt increase retail rents in the area.
The St Kilda Road frontage, coupled with the success of this expertly operated café provides a great opportunity for savvy investors.
Please contact Luke Conquest for more information.
*approx
On offer is a 50 sqm* retail shop which has been fully refurbished and owner occupied as a successful café for 3 years.
A snapshot of the lease terms are as follows:
- Leased until September 2028 with two further options of 3 years
- Net Rental of $41,000 + Outgoings + GST per annum
- Fixed 4% per annum increases
Fawkner Towers consists of 11 levels of Residential, 3 levels of Offices and 7 other Ground floor shops, therefore providing a large catchment of customers. The surrounding office and residential buildings, also contributes to the success of the current operator. The shop is also only 400 meters* from the under-construction new Anzac underground Railway Station which will no doubt increase retail rents in the area.
The St Kilda Road frontage, coupled with the success of this expertly operated café provides a great opportunity for savvy investors.
Please contact Luke Conquest for more information.
*approx
Melbourne, 3004 demographic data
The median household income for Melbourne is $1,448, 24% lower than Greater Melbourne's household income of $1,901. Melbourne has a younger age profile compared to the rest of Greater Melbourne (median age 29 vs 37). Property ownership data shows 47% of property owners in Melbourne have a mortgage.
54,941
Population
$1,448 per week
Median household income
29 years
Median age
Renters
Most residents
Singles
Most households
Conquest Estate Agency - MALVERN
39A Glenferrie RoadMALVERN, VIC 3144
0432 328 6...
Shop 6, 431 St Kilda Road
Melbourne, VIC 3004
Conquest Estate Agency - MALVERN39A Glenferrie Road
MALVERN, VIC 3144
MALVERN, VIC 3144
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