Gross Waddell ICR is pleased to present for sale Unit 7, Ground Floor, 431 St Kilda Road, Melbourne. Located in the tightly held and ever-popular precinct of St Kilda Road, this ground floor retail investment is surrounded by the boulevard’s premium office towers and also some of Melbourne’s newest and most prestigious residential towers. Benefiting from a recently renewed lease to a long-standing tenant, this retail investment is the ideal set-and-forget opportunity with future upside given the surrounding developments.

The key attributes of this exceptional investment include:

• Recently renewed 3-year lease to Dingle Partners from December 2025 plus a further 3-year option

• Significant income profile returning $51,321.48* net per annum plus outgoings and GST

• Fixed annual increases of 4% plus market review at option

• High-exposure ground floor retail of 51 sqm* plus secure car park

• Long-standing tenant with proven history, supported by a security deposit and personal guarantees

• Ideal connectivity with tram stops located on the doorstep and the newly built Anzac Station merely minutes away

• Nestled amongst St Kilda Road’s premium office towers and new residential and mixed-use developments, providing an inbuilt catchment for occupants

• St Kilda Road has seen several major high-end residential and mixed-use developments, transforming the boulevard into a luxury residential corridor

The property is for sale via an Expressions of Interest campaign closing at 3:00 pm on Wednesday, 15 April 2026. For further information or to organise an inspection, please contact the team at Gross Waddell ICR directly.

*approx.