20 Pakington Street, St Kilda, VIC 3182

Development/Land

Sold

  • Property ID: 446706
  • Land Area: 489m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 23/09/2024 N/A 489m2 Contact Agent
MORTGAGEE SALE: Prized Permit Approved St Kilda Apartment Site

Stonebridge Property Group is pleased to present for sale 20 Pakington Street, St Kilda.

The Property is permit approved for a 5-level apartment development, comprising 18 dwellings.

Offering developers an excellent opportunity to acquire a completely cleared and shovel ready landholding, in a prime St Kilda location with world-class surrounding amenity and underpinned by an extremely strong residential market with high demand for apartments.

The key highlights of the opportunity include:

- Permit approved for 5-storey apartment building, comprising 18 dwellings

- Flexible Mixed-Use Zone allowing alternate development outcomes including office, food and drink premises etc. (STCA)

- Shovel ready landholding of 489 sqm*

- Prime St Kilda location with outstanding retail amenity via Inkerman Street ALDI (adjacent), bustling Carlisle Street (240 m*), Chapel Street (250 m*) and Acland Street (750 m*) as well as Coles Balaclava (450 m*)

- Nearby iconic attractions including St Kilda Botanical Gardens (500 m*), St Kilda Beach (1.2 km*) and St Kilda Marina (1.4 km*)

- Home to renowned dining institutions, Post Office Club Hotel (200 m*), Village Belle Hotel (750 m*), Donovan’s (1.1 km*), Stokehouse (1.2 km*) and Hotel Esplanade (1.3 km*)

- Excellent public transport amenity with Balaclava Train Station only 650 m* away and St Kilda Road trams (120 m*) providing direct access to Melbourne CBD

- Residents have access to outstanding education institutions, St Kilda Primary School (450 m*), St Michaels Grammar School (800 m*) and Caulfield Grammar School (1.8 km*)

- St Kilda’s residential market is strong, underpinned by a median house price of $1,550,000 (REIV 2024)

To obtain further information, or to arrange an inspection, please contact the exclusive selling agents.

Andrew Milligan
0421 559 992

Julian White
0422 764 137

Chao Zhang ??
0411 625 068

Property Code: 1004

St Kilda Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $3750 $362 9.64%
Industrial --- $313 ---
Offices $4075 $556 13.65%
This is the average advertised price, rent and yield for St Kilda, VIC 3182*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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