Level 3/608 St Kilda Rd, Melbourne, VIC 3004 | Commercial for sale | OnTheHouse
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Level 3/608 St Kilda Road
Melbourne VIC 3004

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 355m2
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Long Term 9B Approved Lease 3x3 years! $151,545.05 PA - Net 8.2% Return

Secure an exceptional commercial property featuring a long term lease to a well-established education provider. You can't get a more secure lease with a further 3 year option. Long Term 9B approved this assures secure tenancy in the future and beyond seating 150 people. This 355m²* office space offers abundant natural light, secure parking, and prime location, making it an ideal investment or future owner-occupier opportunity.
Key Investment Features;
* Lease Agreement: Lease at $151,545.05 + GST + Outgoings per annum, providing solid rental returns with further 3 year option.
* Incredible 8.2% in pocket return
* Versatile Layout: Fully fitted office with a welcoming reception area, private meeting rooms, and flexible office or classroom spaces, suited for education or business operations.
* 9B Approved for a 150-person capacity (130 students, 20 staff), making it perfect for education-related tenants.
* Convenient Parking: The property comes with four secure car spaces on title.
* Strategic Location: Situated along Melbourne's prestigious St Kilda Road, with direct access to the CBD (5km*) via tram routes and major road networks. Prahran * Train Station is just 1.2km* away.
* Lifestyle and Retail Access: Close to Albert Park Lake, Chapel Street, and local shopping and dining, this property offers an attractive work-life balance for tenants and employees alike.
With a flexible settlement period and strong tenant in place, this property is a prime investment for those seeking stable returns in Melbourne's thriving commercial sector.

Property Details for Level 3/608 St Kilda Rd, Melbourne

Building Type
Commercial
Floor Size
355m2
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About Melbourne 3004

The size of Melbourne is approximately 3.8 square kilometres. There are 14 parks, covering nearly 74.2% of the total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 13,832 properties. Over the last 5 years, Houses in Melbourne have seen a -21.25% decrease in median value, while Units have seen a -4.84% decrease. As at 30 June 2026:

  • The median value for Houses in Melbourne is $1,791,672 while the median value for Units is $650,445.
  • Houses have a median rent of $616 while Units have a median rent of $650.
There are currently 77 properties listed for sale, and 56 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 655 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3004

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Gavin Zeitz
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G & H Property Group
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.