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64-66 Acland Street, ST KILDA, VIC 3182

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64-66 Acland Street, ST KILDA, VIC 3182

64-66 Acland Street, ST KILDA, VIC 3182

Properties / Sold / Victoria / St Kilda
Development Potential

1. Property Summary

Property Type
Commercial
Land Area
617 m² (*approx)
Selling Method
Auction: Price on Request
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2. Property Highlights

Trophy St Kilda Investment Opposite McDonalds – Major Future Redevelopment Opportunity
  • Rare 617sqm site – ROW access
  • Zoning allows for 4 storeys (STCA)
  • Renewed 5 year lease plus option

+ Renewed Five (5) year lease to August 2024 plus option to August 2029

+ Lona: Popular bar and function venue with one of St Kilda’s largest outdoor dining areas (The Tenant owns and is responsible for the entire structure/fit out in the rear outdoor dining area)

+ Investor preferred net lease terms with tenant paying all usual outgoings excluding Land Tax

+ Well presented 295sqm venue including bar and restaurant

+ Significant recent tenant funded upgrade works with tenant funding construction of entire rear outdoor dining area (The Tenant owns and is responsible for the entire structure/fit out in the rear outdoor dining area)

+ Rare 617sqm Commercial 1 Zone (C1Z) landholding with important 12 metre frontage to Acland Street and ROW access

+ Major future redevelopment opportunity with zoning allowing for up to 4 storeys and basement (STCA)

+ Irreplaceable position opposite McDonalds, Luna Park, Palais Theatre and St Kilda beach

+ Within 300 metres of $550 million luxury Saint Moritz Development by Gurner – all pre-sold

+ Affluent inner metro suburb with $1,311,500 median house price*

+ St Kilda: World renowned beachside location only 6km from Melbourne CBD with 2 million visitors annually**

+ Net Income: $190,398pa + GST

For Sale by Investment Portfolio Auction

10:30am (AEDT) Wednesday 31 March 2021

*www.realestate.com.au

**www.budgetdirect.com.au

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

1. Property Summary

Property Type
Commercial
Land Area
617 m² (*approx)
Selling method
Auction: Price on Request

2. Property Highlights

Trophy St Kilda Investment Opposite McDonalds – Major Future Redevelopment Opportunity
  • Rare 617sqm site – ROW access
  • Zoning allows for 4 storeys (STCA)
  • Renewed 5 year lease plus option

+ Renewed Five (5) year lease to August 2024 plus option to August 2029

+ Lona: Popular bar and function venue with one of St Kilda’s largest outdoor dining areas (The Tenant owns and is responsible for the entire structure/fit out in the rear outdoor dining area)

+ Investor preferred net lease terms with tenant paying all usual outgoings excluding Land Tax

+ Well presented 295sqm venue including bar and restaurant

+ Significant recent tenant funded upgrade works with tenant funding construction of entire rear outdoor dining area (The Tenant owns and is responsible for the entire structure/fit out in the rear outdoor dining area)

+ Rare 617sqm Commercial 1 Zone (C1Z) landholding with important 12 metre frontage to Acland Street and ROW access

+ Major future redevelopment opportunity with zoning allowing for up to 4 storeys and basement (STCA)

+ Irreplaceable position opposite McDonalds, Luna Park, Palais Theatre and St Kilda beach

+ Within 300 metres of $550 million luxury Saint Moritz Development by Gurner – all pre-sold

+ Affluent inner metro suburb with $1,311,500 median house price*

+ St Kilda: World renowned beachside location only 6km from Melbourne CBD with 2 million visitors annually**

+ Net Income: $190,398pa + GST

For Sale by Investment Portfolio Auction

10:30am (AEDT) Wednesday 31 March 2021

*www.realestate.com.au

**www.budgetdirect.com.au

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential
Raoul Holderhead
Raoul Holderhead
+61 *** *** *** show +61 413 860 304
Zomart He 何梓轩
Zomart He 何梓轩
+61 *** *** *** show +61 488 220 830
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
Paul Farrelly
Paul Farrelly
+61 *** *** *** show +61 418 358 998

Download Development Site Report
Raoul Holderhead
Raoul Holderhead
+61 *** *** *** show +61 413 860 304
Zomart He 何梓轩
Zomart He 何梓轩
+61 *** *** *** show +61 488 220 830
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
Paul Farrelly
Paul Farrelly
+61 *** *** *** show +61 418 358 998

3. Property Location

64-66 Acland Street, ST KILDA, VIC 3182

Property Map
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4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into DevelopmentReady to allow access

Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Download Report
Download Report
64-66 Acland Street, ST KILDA, VIC 3182 St Kilda
Burgess Rawson
Burgess Rawson
Level 20, 150 Lonsdale Street, Melbourne VIC 3000
View Agency Profile
Raoul Holderhead
Raoul Holderhead
+61 *** *** *** show +61 413 860 304
Zomart He 何梓轩
Zomart He 何梓轩
+61 *** *** *** show +61 488 220 830
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
Sutherland Farrelly - East Melbourne
Sutherland Farrelly - East Melbourne
43 Agnes Street, East Melbourne, Vic 3002
Paul Farrelly
Paul Farrelly
+61 *** *** *** show +61 418 358 998