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Lemon Baxter and JLL Office Investments are delighted to present Level 2, 431 St Kilda Road, Melbourne — a rare investment opportunity offering a secure income stream, outstanding tenant retention, and premium office accommodation in one of Melbourne’s most coveted business addresses.
Key Investment 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: $759,045* net per annum, with all outgoings (except land tax) recoverable, achieving a yield of over 15%.
+ Annual Rent Increases: Fixed at 3.5%.
+ Tenant: Bongiorno Management Services Pty Ltd, lease expiring September 2027.
+ Zoning: Commercial 1 Zone (C1Z).
Strategic Location Advantage:
Positioned on Melbourne’s premier business boulevard, 431 St Kilda Road combines unparalleled accessibility with proximity to lush parklands, renowned dining, and retail amenities. The precinct is undergoing a transformational uplift, underpinned by almost $2 billion in luxury residential and hospitality developments. Major projects include the $300m Carter Building at 448 St Kilda Road and Gurner Group’s $800m landmark residential 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) – [email protected]
Hans Fan (+61 401 882 621) – [email protected]
Tim Carr (+61 415 767 915) – [email protected]
Josh Rutman (+61 411 27 37 46) – [email protected]
Note: All figures above are approximate as at 31 December 2024
Remember to mention you found this property on CommercialReady
Lemon Baxter and JLL Office Investments are delighted to present Level 2, 431 St Kilda Road, Melbourne — a rare investment opportunity offering a secure income stream, outstanding tenant retention, and premium office accommodation in one of Melbourne’s most coveted business addresses.
Key Investment 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: $759,045* net per annum, with all outgoings (except land tax) recoverable, achieving a yield of over 15%.
+ Annual Rent Increases: Fixed at 3.5%.
+ Tenant: Bongiorno Management Services Pty Ltd, lease expiring September 2027.
+ Zoning: Commercial 1 Zone (C1Z).
Strategic Location Advantage:
Positioned on Melbourne’s premier business boulevard, 431 St Kilda Road combines unparalleled accessibility with proximity to lush parklands, renowned dining, and retail amenities. The precinct is undergoing a transformational uplift, underpinned by almost $2 billion in luxury residential and hospitality developments. Major projects include the $300m Carter Building at 448 St Kilda Road and Gurner Group’s $800m landmark residential 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) – [email protected]
Hans Fan (+61 401 882 621) – [email protected]
Tim Carr (+61 415 767 915) – [email protected]
Josh Rutman (+61 411 27 37 46) – [email protected]
Note: All figures above are approximate as at 31 December 2024
Remember to mention you found this property on CommercialReady
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