292-294 St Kilda Rd 3,057 SF 100% Leased Retail Building St Kilda, VIC 3182 For Sale

This dual-frontage retail investment offers a compelling opportunity along St Kilda Road, one of Melbourne’s busiest thoroughfares. The property comprises two separately leased premises, each with its own kitchenette, restroom, and storage facilities, providing functional layouts for diverse retail uses.
Shop 292 features an approximate 3.6-meter frontage and an internal area of about 193 m². It is currently leased to a hair loss treatment center on a 2-year term with an option to extend, generating an annual rental income of approximately $34,641.
Shop 294, also with a 3.6-meter frontage and an internal area of about 91 m², is fitted out as a liquor store. This tenancy has been in place for 3 years, with approximately 7 months remaining on the current lease and an extension option available. It returns an annual rental income of approximately $23,689.
Combined, the property delivers a total annual income of around $58,330, supported by established tenants and options for continuity. The 317 m² landholding includes rear right-of-way access, enhancing operational convenience. Positioned in a high-traffic corridor with tram stops at the doorstep and proximity to Aldi, Carlisle Street, Barkly Street, and Fitzroy Street retail and dining hubs, this asset offers both immediate income security and long-term development potential (STCA).