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BRAND NEW 6 YEAR LEASE TO 2028 - PRIZED GROUND LEVEL ST KILDA ROAD
Units 1 & 2/598 St Kilda Road, Melbourne VIC 3004
NEW 6 YEAR NET LEASE TO 2028
ANNUAL 3% RENT INCREASES
31,800 VEHICLES PASSING DAILY
10:30am (AEDT) Wednesday 11 May 2022
Crown Casino - River Room
*Approximately
**GapMaps
*** Big Build VIC GOV
ANNUAL 3% RENT INCREASES
31,800 VEHICLES PASSING DAILY
- Brand new 6 year lease to 2028 plus option to 2034
- Charles Lloyd Property Group: a well established residential and commercial developer for over 40 years
- Strong and certain rental growth with annual fixed, compounding 3% increases
- Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings excluding land tax
- High profile 217 sqm* ground floor premises with on-title car space
- Strategic corner position with direct frontage and exposure to St Kilda Road and Lorne Street, two major arterial roads with 31,800 vehicles passing daily**
- St Kilda Road: Centrepiece of Melbourne, connecting the Nepean Highway and the South Eastern Suburbs to the Melbourne CBD
- Strategic Metro-Melbourne office precinct and high-end residential location just 5km* from Melbourne CBD
- Easy access from Queens Road, an important Melbourne commuter road servicing 79,000 vehicles per day**
- Less than 2km from the Anzac Railway Station – Due for completion by 2025. The $13.7 billion Metro Tunnel project will deliver a state-of-the-art underground railway station on St Kilda Road - By 2031, 40,000 people are forecast to use the station daily, underpinning the 33,000 jobs in the St Kilda Road precinct***
- Rent: $103,000 pa* + GST
10:30am (AEDT) Wednesday 11 May 2022
Crown Casino - River Room
*Approximately
**GapMaps
*** Big Build VIC GOV