GROUND FLOOR/509 St Kilda RoadMelbourne VIC 3004
Property Details for Ground Floor/509 St Kilda Rd, Melbourne
Last Listing description (November 2020)
A supremely prominent commercial office building comprising 19,645sqm* of net lettable area and 325 car bays
100% leased to a range of established national and international tenants including AIA Australia, Fuji Xerox and Webjet, providing a WALE of 4.5 Years* and an attractive staggered expiry profile
Ideally positioned within the most desirable corporate district of the St Kilda Road boulevard, benefiting from adjoining parkland access and unrivalled 360 city, bay and park views
Perfectly placed to benefit from significant rental reversion in the short-medium term in one of the strongest performing office markets in Australia
Highly expansive double-fronted landholding of 6,070sqm* - the joint largest site area of any commercial office in the St Kilda Road precinct - offering significant future development and repositioning prospects (STPA)
Constructed by Lendlease to the highest specification, boasting a grand, full height atrium foyer which provides excellent natural light throughout all common and tenancy areas
Estimated net income (fully leased) $8,111,853 p.a.*
3.5 Star NABERS Energy Rating
EXPRESSIONS OF INTEREST NOW CLOSED
For further information, please contact the exclusive sales and marketing agents at CBRE Melbourne:
Kiran Pillai
+61 438 381 172
Josh Rutman
+61 499 881 202
Mark Wizel
+61 409 809 868
Lewis Tong
+61 421 870 833
*Approx as at 1st December 2018
Property History for Ground Floor/509 St Kilda Rd, Melbourne, VIC 3004
- 06 Sep 2019Listed for Sale INTERNATIONAL EXPRESSIONS OF INTEREST
- 29 Oct 2018Sold for $163,100,000
- 24 Aug 2018Listed for Sale INTERNATIONAL EXPRESSIONS OF INTEREST
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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 13,831 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.
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