52 Albert Road, South Melbourne, VIC, 3205

A rare opportunity to secure a substantial freehold in one of Melbourne’s most tightly held city-fringe precincts, offering holding income from two leased upper floors alongside genuine value-add and redevelopment potential.

Positioned in the blue-chip St Kilda Road precinct, this 600sqm* site carries a four-level building of approximately 1,765sqm* net lettable area, complemented by 18 on-site car spaces. Levels 2 and 3 are leased, providing immediate income, while the Ground floor & Level 1 are offered vacant — creating a clear path for an incoming owner to occupy, refurbish and re-lease, or reposition the asset.

The Commercial 1 Zone supports a broad range of uses and offers redevelopment potential with height to 85m* (STCA), making this equally compelling for investors, owner-occupiers and developers.

Key features:

– Land area of 600sqm* with approximately 57m* depth

– Net lettable area of approximately 1,765sqm* across four levels

– 22 separate titles, comprising 4 principal commercial lots and 18 basement car-park lots

– Part-leased income — Levels 2 and 3 leased, Ground & Level 1 vacant

– Commercial 1 Zone (C1Z) with redevelopment potential to 85m* (STCA)

– Solid structure with clear refurbishment and repositioning upside

– Premium city-fringe position near Kings Way

Location:

– Approximately 200m* to Anzac Station, connecting to Melbourne’s expanded rail network via the Metro Tunnel

– Multiple tram routes along St Kilda Road and Albert Road with direct links to the CBD and Southbank

– A short walk to the Domain Interchange, Albert Park Lake and the iconic South Melbourne Market

– Easy access to the West Gate Freeway and CityLink

– Surrounded by cafés, restaurants and bars along Clarendon Street and Albert Road, and close to the Melbourne Grammar and Alfred Hospital precincts

For Sale by Expressions of Interest closing Wednesday, 12 August 2026 at 12:00pm (AEST).

Contact our exclusive selling agents for more information.

*Approximately. All areas, figures and rental details are indicative only

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