CVA Property Consultants are pleased to offer G1 & G3, 566 St Kilda Road, Melbourne to the open market via Auction on Wednesday 15th November 2017 at 11am on-site.
Centrally positioned on the city/inbound side of the St Kilda Road commercial business district, the 129m2* Times Cafe is located on the ground floor of the prestigious 7 storey 'The Jewel' office building.
The property features indoor and outdoor seating area, hardwood floors, timber bar, large windows allowing for ample natural light and exposure to the high parade of foot traffic along St Kilda Road.
- Lessee: B & H Kong Pty Ltd T/A The Times Cafe
- Rental Return: $88,979.64 per annum
- Term: Eight (8) years plus two further terms of four (4) years
- Commencement: 20th May 2015
- Security Deposit: $35,000.00 Bank Guarantee
The investment further incorporates a 99 + 99 year lease for the common area of the property which commenced in April 1999. The common property includes car parking area for up to 4 vehicles, bin storage area, upper and street level seating area.
Within a 300 metre* walk to Albert Park Lake and Golf Course and a 1.5km* walk to Chapel Street, the property also provides fantastic access to the CBD via a host of tram services running along St Kilda Road.
For further information please contact CVA Property Consultants.