3 / 102 Barkly Street, ST KILDA VIC 3182

Contact Agent For Sale

Inspection

by appointment

Capitalise on a unique mixed-use asset combining a thriving kebab shop, high-demand backpacker business, and a charming studio apartment – all in one of Melbourne’s most sought-after beachside locations.

Property Highlights:
– Prime St Kilda position – Just minutes from the iconic beach, cafes, and transport
– $62,819.76 p.a. current income with significant upside potential
– Three independent income streams for diversified cash flow
– Growth-ready in one of Melbourne’s most dynamic precincts

The Breakdown:
1. Backpacker Operator Lease
– Secure 5-year lease (commenced August 2023)
– $47,219.79 p.a. + GST
– Backpacker Operator leasing the area for their kitchen & reception facilities
– Option for 3 additional 5-year terms

2. Retail Shop (Food Ready – Vacant)
– Turnkey kebab shop setup
– 60sqm prime street frontage
– $45,000 p.a. potential income

3. Studio Apartment
– $15,600 p.a. current income
– Flexible monthly tenancy

Why This Stands Out:
– Immediate cash flow from established operations
– Growth potential through vacant retail tenancy
– Long-term security with backpacker operator lease structure
– Location, location, location – St Kilda’s enduring appeal

This is more than a property – it’s a complete investment package waiting for a savvy buyer like you.

Limited opportunities like this rarely hit the market – inspections are strictly by appointment.

Call now to secure your private viewing:
Jerry Lee – 0488 777 919
Daniel Liberman – 0438 333 666

Your gateway to St Kilda’s thriving tourism and hospitality market starts here!