24 Grey Street, St Kilda, VIC, 3182

Crabtrees Real Estate is proud to present 24 Grey Street, St Kilda for Sale via Expressions of Interest closing Wednesday 20th May at 3pm.

This is an exceptionally rare opportunity to acquire a standalone, three level landmark building in the heart of St Kilda, securely leased to renowned national hospitality operator Bounce.

A former iconic coffee palace, this heritage listed landmark is rich in Australian history and offers far more than accommodation delivering character, scale and long term stability in a premier lifestyle precinct. Now offered to the market for only the second time in over 60 years, it presents unrivalled positioning and exceptional future development potential providing a rare chance to secure a prized freehold in the heart of St Kilda.

Lease Highlights:

+ Long lease commencing November 2021

+ One (1) further term of Ten (10) years

+ Returning $525,000 per annum + GST + Outgoings PLUS Turnover Rent

+ Annual rental increases

+ Leased to BOUNCE St Kilda Pty Ltd

Property Features:

+ Iconic 610 sqm* standalone landholding

+ 1,680 sqm* total building area across three levels

+ 42 guest rooms with mix of accommodation with ample amenities

+ Cafe, common area social rooms, ground floor bar plus rooftop bar with Liquor Licenses

+ Maintained in outstanding condition throughout

Secure income, iconic character, and powerful development potential combine to make 24 Grey Street one of St Kilda's most compelling freehold offerings. Act now to secure an asset that will continue to deliver for decades to come.

Crabtrees Real Estate is built on history, reputation and expertise.

We offer a level of knowledge others can't match.

Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!

Remember to mention you found this property on CommercialReady