Prized St Kilda Development Site Permit Approved for 18 Boutique Apartments
Stonebridge Property Group, acting under instructions from Advise Transact, is pleased to present for sale, 12-14 Duke Street, St Kilda.
A prominent 1,220 sqm* St Kilda landholding with an existing permit for 18 boutique apartments over two levels with basement car parking.
Key highlights of the opportunity include:
- Prized 1,220 sqm* St Kilda landholding
- Permit approved for a boutique apartment development comprising 18 units and 1,217 sqm* NSA. Appealing to the local demographic of young, wealthy singles and couples
- St Kilda boast the two most searched apartment projects by buyers in Feb-26 on REA, underpinning a high-demand and captive apartment market
- Up to 12 Month Settlement available for Approved Developers
- Offering residents an outstanding location to live, moments from the beach, excellent restaurants, bustling retail strips and a thriving entertainment and cultural scene
- Lifestyle amenities include St Kilda Botanical Gardens (450 m*), St Kilda Beach (1.2 km*), St Kilda Sea Baths (1.4 km*) and St Kilda Pier (1.7 km*)
- Exceptional connectivity with Carlisle Street trams at your doorstep (100 m*), Balaclava Train Station (450 m*) and just a 20-minute commute to Melbourne CBD
- Positioned just 100 m* to Carlisle Street retail strip home to both Coles and Woolworths as well as, Australia Post and Chemist Warehouse. Additional retail options include Acland Street (800 m*), and the heart of Chapel Street (1 km*), offering an extensive mix of boutique retail, cafés, restaurants and nightlife.
- Excellent nearby education institutions with St Kilda Library across the street and St Kilda Primary School (200 m*)
- Located in one of Melbourne’s most dynamic cultural hubs, home to the Palais Theatre and Luna Park, and host to major events including the St Kilda Festival
- Supportive demographic profile characterised by a dense, apartment-oriented catchment of young, affluent residents, reflected in a median age of 36, personal incomes 34% above the Victorian average and a relatively small household size of 1.7 persons^
- Strong residential fundamentals, underpinned by a median house price of $1,800,000^^, median weekly rent of $850^^, and a tight 2.17% vacancy rate^^^, indicating a supply-constrained, high-demand market placing upward pressure on capital values
To obtain further information, please contact the exclusive selling agents, Stonebridge Property Group.
Andrew Milligan
+61 421 559 992
Lucas Duffy
+61 417 596 560
Chao Zhang 张超
0411 625 068
*Approximately
^ABS (2021)
^^REIV (2026)
^^^Real Estate Investar (2026)
Property Code: 1620
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