Acland Street ST.KILDA
BUY ME. 175
i’m An iconic Venue Heartbeat of St
Venue in the Kilda
LET ME INTRODUCE MYSELF. Jeremy Gruzewski Executive Director 0422 211 021 Joshua Colosimo Agency Executive 0413 790 309 D’Andra Rao Agency Executive 0404 116 900 Rick Jacobson Sales Executive 0413 830 083 Jamie Perlinger Head of Agency 0413 860 315 Zomart He 何梓轩 Partner 0488 220 830
ST.KILDA
175 Acland Street
An iconic freehold hospitality investment underpinned by Veludo’s - an institutional restaurant / bar servicing the St Kilda precinct for close to 25 years with a renewed lease to 2030.
Positioned at the epicentre of one of Melbourne’s most vibrant beachside retail strips offering a high level of foot traffic and exposure.
BUILDING AREA:
380 sqm*
LAND AREA:
321 sqm*
BUY ME.
To be sold via Burgess Rawson Investment Portfolio Auction 167 | Wednesday 27th March 2024, Crown Casino, Melbourne. Unless Sold Prior.
LEASE
Annual rent $194,780
Leased till 2030 plus options
ZONING Commercial 1 Zone (C1Z)
*approx
My location is unrivaled.
Veludo - an established St Kilda Institution
Securely leased to Veludo, a well established and popular restaurant/bar known for its exceptional food, drinks, and live music.
Serving as one of St Kilda’s institutional venues for 25 years, Veludo has cultivated a dedicated local following, reflected in its impressive average of 4-star Google reviews. Widely regarded as one of the must-visit destinations in the area, this venue epitomizes the essence of St Kilda’s vibrant dining and entertainment scene.
Veludo have shown their commitment by renewing their lease until 2030 and have undertaken a significant refurbishment to the premises at their own cost.
TENANT BUSINESS NAME
RENTAL
Veludo
$194,780 pa (as at 1 June 2024)
LEASE TERM Five (5) Years
COMMENCEMENT 1 June 2020
OPTIONS 3 x 5 years (option already exercised)
FINANCIAL SUMMARY
Current Rent $186,988*
Less Non-Recoverable Outgoings
Single Holding Land Tax: $12,000*
Total Net Income (Current): $174,988
Total Net Income (1st June 2024) $182,780
ANNUAL INCREASES 4%
TOTAL LAND AREA: 321 SQM*
I’m an opportunity not to be missed
The property is outlined on the certificate of title as follows.
Volume: 10170 Folio: 510
BUILDING DETAILS
ZONING KEY ATTRIBUTES:
Commercial 1 Zone (C1Z)
LAND AREA: 321sqm*
- Tram stop conveniently located at your doorstep
- Surrounded by notable businesses such as Priceline, Coles, CommBank, Village Belle, Kookai, and more.
- Expansive venue over two levels
- Public bar with private function space and beer garden
St Kilda 3182.
“Acland Street: The Pulse of St Kilda” Located in one of Melbourne most electric and vibrant suburbs, St Kilda is a thriving hub and home to some of Melbourne’s most iconic landmarks including The Village Belle, Prince of Wales, The Esplanade Hotel, St Kilda Sea Baths and Luna Park. The property itself holds a prominent position on Acland Street, where locals and visitors alike enjoy an eclectic array of cafes, restaurants, boutiques, and bars. From the legendary Acland St Cake Shops to nationally recognised retailers like Cotton On, Kookai, Piccolina, and Priceline, as well as beloved local favourites, the street offers a diverse and enticing array of options. During the day, Acland Street offers a family-friendly atmosphere with sidewalk cafes and eateries perfect for leisurely strolls. As night falls, it transforms into a vibrant nightlife hub, bustling with energy.
*According
OVERVIEW
LIFESTYLE 20,046 Population $1,803 Median weekly household income 46.7% Have achieved Bachelor or Higher degree 48.6% Live Alone ST KILDA City of Port Phillip $1,570,000 MEDIAN HOUSE PRICE:
Live and work in the area:
Work in the area, but live outside:
Live in the area, but work outside:
15,121
63,346
43,673
OF WORKERS
PHILLIP
- CITY OF PORT
to REIV data as of 04/09/2023
I come alive at night.
WHAT, WHEN & HOW? To be sold via Burgess Rawson Investment Portfolio Auction 167 Wednesday 27th March 2024, Crown Casino, Melbourne. Unless Sold Prior. Terms: 10% deposit with the balance payable in 30/60/90 days Payment of Deposit Options: 1. Cheque – Personal or Bank payable to Aston Commercial Sales Trust Account 2. Macquarie Direct Debit Pay via secure portal link By private appointment with the exclusive marketing agents INSPECT A contract of sale and vendors statement REQUEST BUY ME. 175 Acland Street ST.KILDA Jeremy Gruzewski Executive Director 0422 211 021 Joshua Colosimo Agency Executive 0413 790 309 D’Andra Rao Agency Executive 0404 116 900 Rick Jacobson Sales Executive 0413 830 083 Jamie Perlinger Head of Agency 0413 860 315 Zomart He 何梓轩 Partner 0488 220 830
DISCLAIMER
“Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by Burgess Rawson or Aston Commercial Pty Ltd whether verbally or in writing. The Materials have been collated to assist potential purchasers for advertising and general information only to assist potential purchasers to decide whether to proceed with further investigation in relation to the property or the land. The Materials provided by Burgess Rawson and Aston Commercial do not constitute any offer or contract of sale and is not to be relied upon prior to signing any relevant contract. Any dimensions or measurements of the property or the land (internal and external) are approximates only and should not be relied upon before signing any contract. The potential purchaser must conduct investigations to satisfy themselves that any Materials provided are accurate. Aston Commercial and Burgess Rawson excludes unequivocally all inferred or implied terms, conditions and warranties arising out of the Materials and excludes all liability for loss and damage arising therefrom.
*Approximate
