Teska Carson together with RT Edgar are pleased to offer 70-76 St Kilda Road, St Kilda for private sale.
- Incredible opportunity for investors, part owner-occupiers and value add buyers
- Currently returning an annual income of $181,740 pa + GST & Outgoings, derived from two (2) tenants.
- Existing improvements present in exceptional condition throughout, with a total building area of 663sqm*.
- A total site area of 560sqm* and benefitting from 70 metre* triple street frontage plus on-site parking for 10 cars.
- Valuable Commercial 1 zoning and multi storey height precedent provides alternative uses including residential, medical or commercial project.
- Ideally positioned 1km from St Kilda beach, a major tourist hub and drawcard for the area.
- St Kilda has evolved into a highly sought-after and prosperous bayside location, with popular retail and entertainment precincts, Fitzroy, Carlisle and Acland Streets in close proximity.
- The immediate area has seen significant gentrification and growth in recent years, as well as a number of high-profile residential, hotel and commercial developments, the most notable projects being the Victorian Pride Centre as well as Gurner TM in partnership with Barana Groups redevelopment of the Novotel St Kilda Hotel.
*approximate
Please do not hesitate to call for further information.
Teska Carson
Luke Bisset 0400 344 211
Matthew Feld 0415 803 348
RT Edgar
Tim Brown 0417 766 778
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