Landmark Food and Beverage Site in St Kilda

A landmark food and beverage site at 168-170 Acland Street, St Kilda received in excess of 50 enquiries while navigating lockdown restrictions to lease for $350 psm. The ground floor leased for $700 psm and first floor for $255 psm. Nathan May and D’Andra Rao negotiated the deal with Veludo looking to open a bar/club on the premises. A five year lease with a further three five year terms was agreed with a commencing rent of $127,500 per annum. “Several key operators in the Melbourne hospitality scene submitted offers to lease due to the uniqueness of the site”, commented Nathan May.