292-294 St Kilda Road, St Kilda, Vic 3182

On one of the largest thoroughfares heading south from the CBD, this dual shopfront commercial property presents an impressive investment opportunity with incredible exposure and high volumes of passing trade.

Presenting two separately rentable premises which each offer kitchenette, toilet and storage areas, this is an exciting chance to take advantage of existing ongoing tenancies particular to each shop.

Number 292 offers a 3.6m approx. frontage and an internal space of approximately 193sqm approx. Established as a hair loss treatment centre, the lease is 2 years and comes with an option to extend - current return is $34,641 per annum.

Fitted out as a liquor store, number 294 offers a 3.6m approx. frontage and internal space of approximately 91sqm approx. - an existing lease agreement has been in place for 3 years with approx. 7 months remaining and with an extension available. Returning a rental yield of approx. $23,689 per annum.

This tenanted investment, with future development potential STCA based on the 318m2 land holding, also includes the convenience of access via Rear ROW.

Access to easy street parking and tram numbers 3 & 67 stop right out front making it easy for customers. Around the corner is Aldi supermarket bringing hoards to the area, while major shopping & dining destinations nearby include Carlisle, Barkly & Fitzroy streets all attract business to the area.