Property Details for 5/60 Fitzroy St, St Kilda
Last Listing description (November 2023)
CRS Property is pleased to offer this property for Sale by Auction on Thursday 30th November 2023 at 2.30pm on site.
Located in the Metropol Complex at the gateway to Melbourne's Iconic Fitzroy Street. This exceptional strata investment, leased to Lola St Kilda and positioned with the famous Fitzroy Street lifestyle and hospitality precinct is renowned worldwide for its eclectic mix of culture, fashion, galleries, cafes, restaurants, bars and live music venues.
An opportunity to acquire a prized investment in the most popular and vibrant beachside suburbs is offered for your consideration.
Key features include:
Building area of 160 sqm approx. and licenced outdoor private deck.
Fully refurbished space with immaculate fit-out.
Lease 7 + 5 + 5 + 5-year lease from February 2022
Current Income: $75,593.00 per annum plus outgoings and GST
Annual increase by CPI, Market at each option.
Leased to experience operator trading as Lola St Kilda and runs The Kilburn and The George Lounge
Leading lifestyle and entertainment precinct hosting the Prince of Wales Hotel, Circa, The George Hotel, Luna Park, The Esplanade Hotel, Palais Theatre and more.
Affordable investment opportunity securely leased to a proven operator in the heart of St Kilda's buzzing retail and hospitality precinct.
Excellent prospects for strong capital growth.
St Kilda is just minutes away from the Melbourne CBD and enjoys easy access to major arterial roadways including St Kilda Road, Marine Parade and Beaconsfield Parade.
Excellent Public transport, including tram services on Fitzroy Street and the iconic St Kilda light rail station.
For more information, please contact.
Lou Montalti on 0488 553 455 or Ross Mercorillo 0418 227 354
Property History for 5/60 Fitzroy St, St Kilda, VIC 3182
- 29 Nov 2023Sold for $1,100,000
- 30 Oct 2023Listed for Sale POA Contact Agent
- 03 Jun 2021Listed for Sale Price on Application
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0About St Kilda 3182
The size of St Kilda is approximately 3.2 square kilometres. It has 17 parks covering nearly 21.5% of total area. The population of St Kilda in 2011 was 17,796 people. By 2016 the population was 20,234 showing a population growth of 13.7% in the area during that time. The predominant age group in St Kilda is 30-39 years. Households in St Kilda are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in St Kilda work in a professional occupation. In 2011, 34.9% of the homes in St Kilda were owner-occupied compared with 33.5% in 2016.
St Kilda has 18,050 properties. Over the last 5 years, Houses in St Kilda have seen a 9.16% increase in median value, while Units have seen a -5.45% decrease. As at 30 November 2024:
- The median value for Houses in St Kilda is $1,666,852 while the median value for Units is $521,594.
- Houses have a median rent of $600 while Units have a median rent of $520.
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