420 St Kilda Rd, Melbourne

JLL Capital Markets and Knight Frank have the exclusive privilege of offering for sale 420 St Kilda Road, Melbourne - undisputedly one of St Kilda Road’s finest commercial buildings.

Key details of the opportunity include:

The Investment

+ A commanding 11-level commercial building with a floor-to-ceiling glass façade

+ 10,475sqm* of Net Lettable Area across 11-levels

+ 75%*^ leased with a strong history of high occupancy

+ 2.3 year WALE (by income)

+ Fully refurbished with minimal capital expenditure requirements

+ Current passing net income of $4,055,740p.a.*

+ Estimated fully leased net income of $5,945,284p.a.*

+ 132* secure basement and at-grade carparks (1:79sqm)

+ High-profile underlying landholding of 2,288sqm*

+  2.5 Star NABERS Energy Rating

Enormous Future Upside

+ Set to benefit from the opening of Anzac Station, with Melbourne CBD office assets situated near train stations averaging 3.0 percentage points lower vacancy over the past 10 years¹

+ Leasing momentum around Anzac Station is already evident¹ along with an anticipated increase in face rents

+ Favourable C1Z zoning allows for enormous future upside, including redevelopment of up to 65m*, addition of light weight floors and future change of use to suit residential, mixed-use etc.⁺

A Rejuvenating Location

+  Strategically positioned within the new Anzac Train Station precinct (300m*), set to open in Q4 2025

+Benefits from over $3 billion* dollars of public and private investment nearby

420 St Kilda Road, Melbourne is For Sale by Expressions of Interest closing Thursday 29 May 2025 at 3.00pm (AEST).

For further information or to arrange an inspection, please contact the exclusive selling agents at JLL and Knight Frank.

JLL

Tim Carr | 0415 767 915

Josh Rutman | 0411 27 37 46

Piper Dedrick | 0422 479 523

MingXuan Li 李名轩 | 0498 688 998

Knight Frank

Trent Preece | 0400 504 300

Tom Ryan | 0419 786 244