4, 5, & 6 Shakespeare Grove were sold after receiving significant interest and numerous offers.

5 & 6 Shakespeare Grove is occupied by renowned tenant Gyoza King, while 4 Shakespeare Grove is leased to popular tenant Bay City Burrito. The two tenancies are ideally positioned just 50 metres from premium retail strip Acland Street.

The high profile 149sq m and 89sq m shops provide a secure investment surrounded by iconic St Kilda attractions including Luna Park and The Palais Theatre, which saw significant interest from the market to secure these two opportunities.

Savills CBD & Metropolitan Sales agents Nick Peden, Mark Stafford, and Dorothy He negotiated the deals via two swift private sale campaigns, achieving tight yields and building rates of $13,423 and $16,292 per sq m.

Mr Peden said both local and offshore investors were drawn to the properties due to the high quality tenants and renowned location.

“Ultimately these two prime retail investments offered the buyers significant confidence, and highlight the strong buyer demand we are experiencing for revenue generating property.”

“As interest rates continue at record lows, more and more people are looking to property investment for their savings, making these affordable investments highly sought after in the current market.”