Own a strategic property with three independent income streams in Melbourne’s most vibrant coastal location – including a food-ready retail shop and income-producing studio apartment, plus long-term leased space to a backpacker operator.
Clarification of Ownership: ⚠️ Backpacker business NOT included in sale
Backpacker operator leases portion of property for kitchen & reception facilities only
Secure 5-year lease (until 2028) with option for 3×5-year renewals
Pays $47,219.79 p.a. + GST
Your Income-Generating Assets:
1️⃣ Vacant Kebab Shop (60sqm)
Turnkey food business setup
Prime street frontage
$45,000 p.a. income potential
2️⃣ Studio Apartment
$15,600 p.a. current income
Flexible monthly tenancy
Property Highlights:
📍 200m to St Kilda Beach & Fitzroy Street dining
💰 $62,819.76 p.a. current income (excluding retail upside)
📈 Growth potential through vacant tenancy
🔒 Stable backbone income from backpacker lease
Why This Stands Out:
✔️ Backpacker lease provides secure base income
✔️ Retail space vacant possession = immediate upside
✔️ Studio adds flexible cash flow
✔️ Commercial 1 zoning for multiple uses
“A rare chance to own a high-performing asset in St Kilda’s thriving hospitality precinct – with built-in income security and growth potential.”
Inspection by Appointment Only
Jerry Lee 0488 777 919
Daniel Liberman 0438 333 666
Disclaimer: Sale includes real property only. Backpacker business operations and goodwill not included.
3 / 102 Barkly Street, ST KILDA VIC 3182
Name: Jerry Lee
Position: Commercial Sales & Leasing
Mobile: 0488 777 919
Email: jerry@axisproperty.com.au