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JLL - Melbourne

Level 2, 431 St Kilda Road Melbourne, VIC 3004

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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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JLL - Melbourne
Josh Rutman
Tim Carr

JLL - Melbourne

Level 33, 101 Collins Street
MELBOURNE, VIC 3000
JLL - Melbourne
Level 2, 431 St Kilda Road
Melbourne, VIC 3004

Map of Level 2, 431 St Kilda Road

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  • Train stations within 5 km of Level 2, 431 St Kilda Road, Melbourne, VIC 3004Distance
    South Yarra Station1.4 km
    Prahran Station1.7 km
    Richmond Station2 km
    East Richmond Station2.3 km
    Hawksburn Station2.3 km
    POWERED BY HERE ©
  • Tram stops within 5 km of Level 2, 431 St Kilda Road, Melbourne, VIC 3004Distance
    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 3004Distance
    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

Tim Carr (+61 415 767 9...) – tim.carr@jll.com
Josh Rutman (+61 411 27 37 ...) – josh.rutman@jll.com


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

Property ID: 504736224Last Updated: 15 Nov 2024

JLL - Melbourne
Level 33, 101 Collins Street
MELBOURNE, VIC 3000
Lemon Baxter
Level 1, 68 Clarke Street
SOUTH MELBOURNE, VIC 3205

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