Level 2, 431 St Kilda Road, Melbourne, Vic 3004

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parkingSpaces 24
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Published on: 13 Nov 2024
Last updated on: 13 Nov 2024
Level 2, 431 St Kilda Road, Melbourne, Vic 3004
Level 2, 431 St Kilda Road, Melbourne, Vic 3004
Level 2, 431 St Kilda Road, Melbourne, Vic 3004
+20
Level 2, 431 St Kilda Road, Melbourne, Vic 3004
  • 20
Property ID: 504736224
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Key property information

Floor Area
17,911.15 sq ft
Parking Spaces
24
Tenure Type
tenanted
Return on Investment
10.4

Exceptional Office Investment with Secure Income Stream

Level 2, 431 St Kilda Road, Melbourne, Vic 3004
Lemon Baxter and JLL Office Investments are proud to present Level 2, 431 St Kilda Road, Melbourne- a unique offering with a secure income stream, exceptional tenant retention, and premium office space in a highly sought-after location. 

This fully leased property is available for sale via Expressions of Interest, closing Wednesday, 11th December 2024, at 12pm (AEDT).

Property Highlights:
+ Location: Iconic St Kilda Road, minutes from Melbourne’s CBD.
+ Net Lettable Area: 1,664 sqm.
+ Car Parking: 24 designated spaces on separate titles.
+ Storage: 2 separate storage cages.
+ Current Income: $726,682* net per annum, with all outgoings (except land tax) recoverable, achieving a yield of over 10%.
+ Annual Rent Increases: Fixed at 3.5%.
+ Tenant: Bongiorno Management Services Pty Ltd, lease expiring September 2027.
+ Zoning: Commercial 1 Zone (C1Z).

Situated along Melbourne’s premier business corridor, 431 St Kilda Road blends outstanding connectivity with nearby parks, dining, and retail options. The area is bolstered by nearly $2 billion in new luxury residential and hospitality developments, reinforcing its status as a premier destination. Notable projects include the $300 million Carter Building at 448 St Kilda Road and Gurner Group’s $800 million apartment complex at 424 St Kilda Road.

The property’s stable returns, reliable tenant, and strategic location position it as a standout investment in Melbourne’s competitive commercial market.

Secure your place in Melbourne’s evolving business landscape. Contact the agents to arrange an inspection or access detailed due diligence information.

Paul O’Sullivan (+61 412 410 366) – paul@lemonbaxter.com.au
Hans Fan (+61 401 882 621) – hans@lemonbaxter.com.au

Tim Carr (+61 415 767 915) – tim.carr@jll.com
Josh Rutman (+61 411 27 37 46) – josh.rutman@jll.com


Note: All figures above are approximate as at 31 December 2024

Property Details

Basic Info

Property Type
Offices
Listing Status
On Market
Parking Spaces
24
Address
Level 2, 431 St Kilda Road, Melbourne, Vic 3004
Paul O'Sullivan
Hans Fan 范安乐
Level 1, 68 Clarke Street, South Melbourne, Vic 3205
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Contact Agent

Lemon Baxter

Level 1, 68 Clarke Street, South-Melbourne, Vic

Paul O'Sullivan
Paul O'Sullivan
Hans Fan 范安乐
Hans Fan 范安乐

JLL - Melbourne

Level 33, 101 Collins Street, Melbourne, Vic

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      Property ID: 504736224

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