Iconic St Kilda Hill opportunity never to be repeated

Iconic St Kilda Hill opportunity never to be repeated


October 2018
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Iconic St Kilda Hill opportunity never to be repeated

14 Alma Road, St Kilda, 3182
An exceptional and unique St Kilda gateway site has recently been made available for purchase, in what is being described as a ‘never to be repeated’ offering.

The 1,070sqm corner parcel of land displays enormous potential for future development, with a highly favourable commercial zoning and the prospect of building up to 20 storeys.

Motion Property South Melbourne agents Ariel Brukarz and Jack Brukarz have been exclusively appointed to sell 14 Alma Road, St Kilda, by an expression of interest campaign closing 26 October 2018.
 

Multiple favourable options await – potential ‘super site’

With CZ1 Commercial Zoning, and a combined 70m street frontage to St Kilda and Alma Roads, many potential projects are being put forward. From high-rise residential to vertical aged-care to prestige hotel, speculators will enjoy exploring the multitude of creative projects on offer.

Selling agent Ariel Brukarz has noted that “the 20-level height potential and top-of-the-hill location give this site a distinction that developers are unlikely to ever see in the market again. Coupled with the option of acquiring two adjoining properties to develop a ‘super site’ of almost 3,000sqm, this truly is a once in a lifetime development opportunity.”

The site currently encompasses 21 one-bedroom apartments all to be sold in one line – with full occupancy, the site draws approx. $340,000 annually providing revenue while plans are drawn and finalised.
 

On the hill, overlooking it all

“The benefits drawn from the site’s location cannot be overstated,” advises Motion Property Agent Jack Brukarz, “Melbourne’s CBD is easily accessed through roads and public transport. St Kilda’s beaches are just a casual stroll, as too are the shopping precincts of Acland St and Chapel St. Sitting high on St Kilda Hill, end-users will enjoy uninterrupted bay and city views we have all dreamed of.

“14 Alma Road is a gateway to a multitude of work, lifestyle and hedonistic worlds awaiting any concept with which the new owners choose to proceed.”
 

Alma Road, St Kilda, Summary

  • Land Area: 1,070sqm
  • Option to acquire two adjoining properties to increase site area to almost 3,000sqm
  • CZ1 Commercial Zoning: 20-level height potential (Subject to Council Approval)
  • Possible outcomes include high-rise residential, aged-care and hotel
  • Close proximity to shopping precincts, beaches, schools, parks and CBD
  • Current fully let income of approx. $340,000 annually
  • For Sale via Expressions of Interest closing 2pm Friday 26 October 2018

*Please note that all financials, measurements or distances quoted above are approximate only.

For further information please contact the Motion Property team and mention Development Ready in your interactions.

Motion Property
Ariel Brukarz – 0403 221 103
Jack Brukarz – 0407 788 500

To view more details on the listing click here.

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