Level 2, 431 St Kilda Road, Melbourne

JLL Office Investments and Lemon Baxter 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.

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

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

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

JLL Office Investments agents:

Tim Carr

0415 767 915

tim.carr@jll.com 

Josh Rutman

0411 27 37 46

josh.rutman@jll.com

Lemon Baxter agents:

Paul O'Sullivan

0412 410 366

paul@lemonbaxter.com.au

Hans Fan

0401 882 621

hans@lemonbaxter.com.au