This is a fantastic opportunity to acquire a fully renovated and newly built property of 420sqm. Perfectly positioned on a busy main road in the heart of the St Kilda and Balaclava area. The building is surrounded by residential properties, key amenities including major supermarkets and pharmacies, and is next door to a bustling train station, brining endless foot traffic to the area daily. The shopping strip is busy at all hours of the day and is the go to destination among locals for all their shopping and dining needs.
The large 420sqm premises is spread over two levels with the ground floor currently set up as a commercial baking area and cafe. The second floor includes a kitchen, bathrooms, an office space, and plenty of storage. Purchased in 2011, the site has since been totally rebuilt costing in excess of $1,000,000 plus over $700,000 spent on the fit out. As the front facade is heritage listed, it retains it’s old world charm and adds plenty of character to the building.
The premises can also be rearranged as to provide separate access to the office upstairs creating an increase in rental capabilities.
Freehold Property including baking equipment $5.2M
For more information please contact Kristy Kolaitis from LINK on the below:
Phone: 0421 136 415
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.