1 & 2/598 St Kilda Road,
Melbourne, VIC 3004

+ Brand new 6 year lease to 2028 plus option to 2034.
+ Charles Lloyd Property Group: a well established residential and commercial developer for over 40 years.
+ Strong and certain rental growth with annual fixed, compounding 3% increases.
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings excluding land tax.
+ High profile 217 sqm* ground floor premises with on-title car space.
+ Strategic corner position with direct frontage and exposure to St Kilda Road and Lorne Street, two major arterial roads with 31,800 vehicles passing daily.**
+ St Kilda Road: Centrepiece of Melbourne, connecting the Nepean Highway and the South Eastern Suburbs to the Melbourne CBD.
+ Strategic Metro-Melbourne office precinct and high-end residential location just 5km* from Melbourne CBD.
+ Easy access from Queens Road, an important Melbourne commuter road servicing 79,000 vehicles per day.**
+ Less than 2km from the Anzac Railway Station – Due for completion by 2025. The $13.7 billion Metro Tunnel project will deliver a state-of-the-art underground railway station on St Kilda Road - By 2031, 40,000 people are forecast to use the station daily, underpinning the 33,000 jobs in the St Kilda Road precinct.***
+ Rent: $103,000 pa* + GST.

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 11 May 2022
Crown Casino - River Room

*Approximately
**GapMaps
*** Big Build VIC GOV

Burgess Rawson Agents
Shaun Venables 0411 860 8...
Rick Jacobson 0413 830 0...
Justin Kramersh 0460 349 605

Vinci Carbone Agents
Frank Vinci 0418 375 3...
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