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Level 2, 431 St Kilda Road,
Melbourne, VIC 3004
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Sale - Expression of Interest closing Wed 11 Dec
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Lemon Baxter
Level 1, 68 Clarke StreetSOUTH MELBOURNE, VIC 3205
Level 2, 431 St Kilda Road
Melbourne, VIC 3004
Map of Level 2, 431 St Kilda Road
Train stations within 5 km of Level 2, 431 St Kilda Road, Melbourne, VIC 3004 Distance South Yarra Station 1.4 km Prahran Station 1.7 km Richmond Station 2 km East Richmond Station 2.3 km Hawksburn Station 2.3 km POWERED BY HERE ©Tram stops within 5 km of Level 2, 431 St Kilda Road, Melbourne, VIC 3004 Distance 24-Leopold St/ST Kilda Rd (South Melbourne) 283 m 22-Toorak Rd/St Kilda Rd (Melbourne City) 384 m 123-Fawkner Park/Toorak Rd (South Yarra) 390 m 124-Walsh St/Toorak Rd (South Yarra) 674 m 125-Punt Rd/Toorak Rd (South Yarra) 833 m POWERED BY HERE ©Bus stops within 5 km of Level 2, 431 St Kilda Road, Melbourne, VIC 3004 Distance 23-Arthur St/ST Kilda Rd (Melbourne City) 24 m Hanna St/ST Kilda Rd (Melbourne City) 555 m 25-Commercial Rd/St Kilda Rd (Melbourne City) 646 m Domain Rd/Birdwood Ave (South Yarra) 750 m Lang St/Punt Rd (South Yarra) 857 m POWERED BY HERE ©
POWERED BY HERE ©
Exceptional Office Investment with Secure Income Stream
- Current net rent $726,682, 10%+ yield
- Prime location near Anzac Station
- Annual 3.5% income growth
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 3...) – paul@lemonbaxter.com.au
Hans Fan (+61 401 882 6...) – hans@lemonbaxter.com.au
Josh Rutman (+61 411 27 37 ...) – josh.rutman@jll.com
Tim Carr (+61 415 767 9...) – tim.carr@jll.com
Note: All figures above are approximate as at 31 December 2024
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 3...) – paul@lemonbaxter.com.au
Hans Fan (+61 401 882 6...) – hans@lemonbaxter.com.au
Josh Rutman (+61 411 27 37 ...) – josh.rutman@jll.com
Tim Carr (+61 415 767 9...) – tim.carr@jll.com
Note: All figures above are approximate as at 31 December 2024
Property ID: 504736224Last Updated: 13 Nov 2024
Lemon BaxterLevel 1, 68 Clarke Street
SOUTH MELBOURNE, VIC 3205
SOUTH MELBOURNE, VIC 3205
JLL - MelbourneLevel 33, 101 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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