A ST KILDA ICON – SECURE INVESTMENT IN THE ACTION

54 Fitzroy Street, St Kilda, Victoria 3182

Retail / Hotels For Sale

Expressions of Interest. EOI Date 29 Aug 2018
Land Area: 503.00 m2.    Floor Area: 1,130.00 m2.    

Description

Colliers International is excited to present The Saint Hotel, 54 Fitzroy Street, St Kilda for sale by Expressions of Interest Closing Thursday the 29th of August at 4pm. This investment embodies Melbourne’s beloved hospitality scene, an institution, its occupation as one of Melbourne’s most highly regarded venues would sit proudly in any property portfolio. Key investment highlights are as follows:

• Perfect corner position at the Gateway of Melbourne renowned Fitzroy Street retail precinct
• Significant Commercial 1 landholding of 503m²* allows endless future development opportunities (STCA)
• Securely leased to experienced operator trading as the institution that is ‘Saint Hotel’
• Valuable late night liquor licence – 3am licence with capacity of 430 pax
• State-of-the-art hospitality venue will multiple spaces totalling 1,130m²*
• Current net income of $486,725 per annum*
• Current signage planning application underway to add an additional $80,000 net per annum
• Current lease allows additional levels to be added during lease tenure – suitable for luxury apartments or hospitality space, both of which will have sweeping 360 degree CBD and ocean views
• Perfectly positioned to capture the regeneration of this vibrant inner city suburb and retail strip.

Colliers International strongly recommends this rare opportunity for your serious consideration.

*approx

Features

  • SIGNIFICANT VALUE-ADD POTENTIAL
  • STATE-OF-THE-ART HOSPITALITY VENUE
  • SECURE NET INCOME OF $486,725 PA*

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