![Burgess Rawson - Melbourne](https://i1.au.reastatic.net/170x46-fit/950a72b4fe70bbf7151e4d0922124c20a4e049bc768e0e3a6d9299b5721e4ed9/large.jpg)
Hugs N Mugs, 2 St Kilda Road,
St Kilda, VIC 3182
Shops & Retail
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
![Burgess Rawson - Melbourne](https://i1.au.reastatic.net/170x46-fit/950a72b4fe70bbf7151e4d0922124c20a4e049bc768e0e3a6d9299b5721e4ed9/large.jpg)
Hugs N Mugs, 2 St Kilda Road
St Kilda, VIC 3182
Map of Hugs N Mugs, 2 St Kilda Road
Brand New 10 Year Net Lease to Established St Kilda Road Café
- Prime Corner Position
- Attractive 3.5% Rent Increases
- Tenant Pays All Usual Outgoings
Burgess Rawson is pleased to offer to the market Hugs N Mugs Cafe, St Kilda VIC for sale via our Auction Investment Portfolio 159
The property has the following investment highlights:
+ New 10 year net lease to February 2033 plus options to 2043
+ Hugs N Mugs: long-standing café within one of Melbourne’s most awarded and recognized landmarks, ‘The Icon’ building
+ Attractive 3.5% rent increases, ensuring rental growth
+ Investor preferred net lease terms with tenant paying all usual outgoings
+ Single tenant minimum management investment
+ Well-presented 60sqm* shop plus 2 secure car spaces and storage area on title
+ Irreplaceable corner position on St Kilda Road with frontage and exposure to 56,000+ cars passing daily**
+ Conveniently opposite Gurner Group’s new $300M Build -to- Rent development project providing 300 residences - expected completion 2024
+ Neighbouring Wesley College, The Alfred Hospital, Albert Park and only within metres from Fitzroy Street home to Woolworths, BWS, The European Hotel, Prince Dining Room, The Fifth Province and more
+ St Kilda Road: Established commercial and residential precinct and important gateway connecting the Nepean Highway and Eastern and Bayside suburbs to the Melbourne CBD
+ Net Income: $33,000 pa*
To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 29th March 2023
Crown Casino, River Rooms, Melbourne
*Approx
**GapMaps
The property has the following investment highlights:
+ New 10 year net lease to February 2033 plus options to 2043
+ Hugs N Mugs: long-standing café within one of Melbourne’s most awarded and recognized landmarks, ‘The Icon’ building
+ Attractive 3.5% rent increases, ensuring rental growth
+ Investor preferred net lease terms with tenant paying all usual outgoings
+ Single tenant minimum management investment
+ Well-presented 60sqm* shop plus 2 secure car spaces and storage area on title
+ Irreplaceable corner position on St Kilda Road with frontage and exposure to 56,000+ cars passing daily**
+ Conveniently opposite Gurner Group’s new $300M Build -to- Rent development project providing 300 residences - expected completion 2024
+ Neighbouring Wesley College, The Alfred Hospital, Albert Park and only within metres from Fitzroy Street home to Woolworths, BWS, The European Hotel, Prince Dining Room, The Fifth Province and more
+ St Kilda Road: Established commercial and residential precinct and important gateway connecting the Nepean Highway and Eastern and Bayside suburbs to the Melbourne CBD
+ Net Income: $33,000 pa*
To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 29th March 2023
Crown Casino, River Rooms, Melbourne
*Approx
**GapMaps
Property ID: 504268480Last Updated: 7 Feb 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
More properties from Burgess Rawson - Melbourne
Other properties you might be interested in based on the location and property type you are looking at.
![Domino's Pizza, 1/12 Fitzroy Street St Kilda VIC 3182 - Image 1](https://i1.au.reastatic.net/360x191-smart=70,r=33,g=40,b=46,quality=60,progressive/05b3673cdb88aa8b307b8c8dd2ab8baa10bac225e191208a7d84911885770a73/image0.jpg)
![Burgess Rawson - Melbourne](https://i1.au.reastatic.net/170x46-fit/950a72b4fe70bbf7151e4d0922124c20a4e049bc768e0e3a6d9299b5721e4ed9/large.jpg)
Contact Agent
Domino's Pizza, 1/12 Fitzroy Street,St Kilda, VIC 3182 96 m²Shops & Retail • Offices • Medical & Consulting
![Lona, 64-66 Acland Street St Kilda VIC 3182 - Image 1](https://i1.au.reastatic.net/360x191-smart=70,r=33,g=40,b=46,quality=60,progressive/c43cf43c4d5db37bf7efde5ae9e459d9e004c7cfce92cd403f2b25bb1b1a9e56/image0.jpg)
![Burgess Rawson - Melbourne](https://i1.au.reastatic.net/170x46-fit/950a72b4fe70bbf7151e4d0922124c20a4e049bc768e0e3a6d9299b5721e4ed9/large.jpg)
Contact Agent
Lona, 64-66 Acland Street,St Kilda, VIC 3182 295 m²Shops & Retail • Development Sites & Land • Offices
![146 St Kilda Road St Kilda VIC 3182 - Image 1](https://i1.au.reastatic.net/360x191-smart=70,r=33,g=40,b=46,quality=60,progressive/312c99afdc3a32ae4ec00fabd2cf91e17c3e7cbd9e7a971361eebccaecc84b3e/image0.jpg)
![Burgess Rawson - Melbourne](https://i1.au.reastatic.net/170x46-fit/950a72b4fe70bbf7151e4d0922124c20a4e049bc768e0e3a6d9299b5721e4ed9/large.jpg)
Contact Agent
146 St Kilda Road,St Kilda, VIC 3182 365 m²Shops & Retail • Offices • Medical & Consulting