52 Albert Road, South Melbourne, VIC, 3205

A rare opportunity to secure a substantial freehold in one of Melbourne’s most tightly held city-fringe precincts, offering holding income from two leased upper floors alongside genuine value-add and redevelopment potential.

Positioned in the blue-chip St Kilda Road precinct, this 600sqm* site carries a four-level building of approximately 1,765sqm* net lettable area, complemented by 18 on-site car spaces. Levels 2 and 3 are leased, providing immediate income, while the Ground floor & Level 1 are offered vacant — creating a clear path for an incoming owner to occupy, refurbish and re-lease, or reposition the asset.

The Commercial 1 Zone supports a broad range of uses and offers redevelopment potential with height to 85m* (STCA), making this equally compelling for investors, owner-occupiers and developers.

Key features:

– Land area of 600sqm* with approximately 57m* depth

– Net lettable area of approximately 1,765sqm* across four levels

– 22 separate titles, comprising 4 principal commercial lots and 18 basement car-park lots

– Part-leased income — Levels 2 and 3 leased, Ground & Level 1 vacant

– Commercial 1 Zone (C1Z) with redevelopment potential to 85m* (STCA)

– Solid structure with clear refurbishment and repositioning upside

– Premium city-fringe position near Kings Way

Location:

– Approximately 200m* to Anzac Station, connecting to Melbourne’s expanded rail network via the Metro Tunnel

– Multiple tram routes along St Kilda Road and Albert Road with direct links to the CBD and Southbank

– A short walk to the Domain Interchange, Albert Park Lake and the iconic South Melbourne Market

– Easy access to the West Gate Freeway and CityLink

– Surrounded by cafés, restaurants and bars along Clarendon Street and Albert Road, and close to the Melbourne Grammar and Alfred Hospital precincts

*Approximately. All areas, figures and rental details are indicative only

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