A fully refurbished office/retail/showroom freehold on St Kilda Road, St Kilda, is expected to tempt a wide range of buyers. Teska Carson will auction the property on Friday, November 12, at 2pm.
The 82 St Kilda Rd property comprises a two level, 274 square metre commercial building including architect designed office/consulting rooms and large, open-plan, areas and features quality finishes and plenty of natural light.
The Commercial 1 zoned 191 square metre site has more than six metres street frontage and includes secure on-site parking for four cars via a rear laneway. Commercial 1 zoning aims to create vibrant mixed use commercial centres for retail, office, business, entertainment, community and residential uses.
According to marketing agents, Teska Carson’s Jack Cooper and Michael Ludski, the freehold property represents an excellent owner-occupier, investment or development opportunity.
``This property offers an extremely rare opportunity for investors, owner-occupiers and developers to acquire an asset situated in one of Australia’s best known and most iconic destinations.
``St Kilda is home to a plethora of retail and entertainment destinations which have attracted both locals and international tourists in their thousands week in week out supported by excellent public transport facilities and road access.
``The opportunity to invest in and/or locate your business within such a popular market is one which will have much appeal to a wide range of buyers including developers,’’ Mr Cooper said.
Mr Ludski said the property’s key attributes included:
- Prime St Kilda location;
- St Kilda Road frontage;
- Fully refurbished building;
- Substantial on-site parking;
- Strong growth potential; and
- Vacant possession.
He said opportunities to purchase in prime locations were always highly sought after.
``This is one of those properties which will catch the eye of astute investors across both Victorian and interstate markets. Such buyers are acutely aware of the tightly held nature and consequent limited availability of purchasing opportunities in prime inner-city locations.
``Quality properties which offer a number of options including owner-occupation, investment and perhaps further development down the track (STCA) are that much more coveted,’’ Mr Ludski said.
