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. 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 (+61 412 410 366) – [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
Lemon Baxter
Level 1, 68 Clarke Street, South-Melbourne, Vic
JLL - Melbourne
Level 33, 101 Collins Street, Melbourne, Vic
รหัสอสังหาริมทรัพย์: 504736224