Gross Waddell ICR is pleased to offer for sale via Expressions of Interest 403 St Kilda Road, Melbourne, a rare fully leased mixed-use freehold opportunity in one of Melbourne’s most prestigious and tightly held locations. Comprising two retail premises, two large three bedroom Art Deco apartments and valuable rooftop space, the property offers significant future value-add and development potential (STCA).

Key Features

• Prime St Kilda Road freehold prominently positioned within Melbourne’s premier city fringe commercial and lifestyle precinct

• Versatile mixed-use offering comprising two retail premises, two expansive Art Deco apartments and rooftop area with future potential (STCA) and rear access via ROW

• Current combined income of $157,463 p.a.**

• Valuable 240 m²* Commercial 1 Zone landholding

• Significant value-add opportunity through refurbishment, repositioning, rental growth and future development outcomes (STCA)

• Character filled Art Deco improvements offering substantial accommodation and strong tenant/residential appeal

• Surrounded by major office towers, luxury residential developments, Melbourne Grammar, cafes, restaurants and public transport infrastructure including direct access to trams and the recently completed Anzac Station precinct

• Exceptional connectivity to Melbourne CBD, South Yarra, Albert Park Lake, Fawkner Park, Chapel Street and Bayside suburbs, underpinning long term occupier and investor demand

For sale via Expressions of Interest closing Thursday 6th August 2026 at 3:00pm.

For further information, please contact the exclusive selling agents:

Raoul Salter OAM | 0418 335 432
Alex Ham | 0410 545 226

*approx.
**As of 1 August 2026