GO1, 173-177 Barkly Street,
St Kilda, VIC 3182

Colliers International is delighted to offer for private sale this outstanding long term secure investment in Melbourne’s premier bayside suburb of St Kilda.

This prized retail offering of the new cutting edge building that was developed by renowned developer in Buxton Developments possesses quality features including corner location, Barkly Street frontage, impressive fit out and considerable depreciation benefits.

This rare opportunity ticks all the boxes with a secure long term lease of ten (10) years commencing 15th October 2012 with two (2) further options of five (5) years, net income $134,550 (as of 15th October 2013) with inbuilt rental growth of 3.5% annually and market review at the exercise of options.

Italico is fast becoming the most sought after restaurant in St Kilda and therefore the viability is second to none, in addition to this having approximately 110 residence directly above will see this business continually thrive. The property will be sure to excite all types of investors.