34-36 St Kilda Road, St Kilda – Property For Sale

OVERVIEW

Permit Approved Development Opportunity in Melbourne’s Premier Lifestyle Precinct

Cushman & Wakefield Development Sites are pleased to present 34-36 St Kilda Road, St Kilda for sale via Expressions of Interest (EOI), closing Wednesday 16 April at 2:00 PM (AEST).

This is a rare opportunity to secure a permit approved development site in one of Melbourne’s most sought-after lifestyle precincts. Situated in St Kilda’s iconic seaside locale, the site benefits from exceptional connectivity, premium amenities, and strong demand for residential and retail space.

The property is permit approved for a 10-storey, mixed-use development, comprising 32 contemporary apartments and a ground-floor retail space. Designed by LIFE Architecture and Urban Design, the project integrates modern design principles, energy-efficient features, and desirable north-facing views.

Key Property Highlights:

• Prime 475sqm* corner site zoned Commercial 1 (C1Z)
• Combined 52m* frontage to the iconic St Kilda Road and Phoenix Lane
• Secure annual rental income of $116,171* – providing immediate cash flow
• Permit approved for a 10-storey development with a total NSA/NLA of 2,228.8sqm*
• High rental demand, with 80% of St Kilda’s population choosing to rent (DFFH Victoria)
• Excellent transport connectivity – walking distance to Windsor & Balaclava Train Stations and direct tram access along St Kilda Road
• Proximity to Melbourne’s top lifestyle destinations: St Kilda Beach, Albert Park Lake, Chapel Street Retail Precinct, Melbourne CBD, Fitzroy Street & Acland Street shopping and dining precincts
• Surrounded by elite schools, including Wesley College, Melbourne Grammar & St Michael’s Grammar

For further details, please contact Cushman & Wakefield Development Sites:

Joe Kairouz | +61 421 430 638 | joe.kairouz@cushwake.com

Hamish Burgess | +61 421 641 497 | hamish.burgess@cushwake.com

*Approximate