16 Sandilands Street South Melbourne VIC 3205

Stonebridge Property Group is pleased to present for sale 16 Sandilands Street, South Melbourne.

16 Sandilands Street, South Melbourne, is a highly functional and flexible dual-level office/retail building located just 2 km* south of Melbourne's CBD (opposite Albert Park Lake), ideally suited to owner occupation, investment, and development.

Key highlights of the property include:

- Prime two-level 450 sqm* (GBA) building with 3 street frontages and exceptional levels of natural light

- Ability to owner-occupy immediately noting the current short-term lease arrangement, which expires in April 2025

- Within a rare Commercial 1 Zone, allowing for a variety of uses including office, residential, retail, medical or hospitality

- Existing improvements comprise a mix of partitioned and open style offices, separate male and female amenities, plus a fully equipped kitchenette on Level 1

- Ability to sublease or have 2 tenancies, noting separate access available to the ground floor

- Substantial 265 sqm* triple-fronted landholding with zoning that has a flexible height limit of up to 30 metres, offering potential for future development or an exit strategy (STCA)

- Accompanied by 4 car parks on-site and the potential to add 1 more through intelligent realignment

- Situated in the picturesque parklands of South Melbourne that surrounded by abundant amenities, including Albert Park Lake (300 m*), State Sport Centres MSAC (900 m*), Clarendon Street retail (700 m*), and Port Phillip Bay beaches (2.2 km*)

- Located within the tightly held Palmerston Crescent precinct, one of the only Commercial 1 zone areas in South Melbourne

- Strategically connected to Melbourne CBD (2 km*) via tram stops along St Kilda Road (600 m*) and Clarendon Street (550 m*), as well as the newly completed ANZAC Train Station (600 m*)

To obtain further information, please contact the exclusive selling agents, Stonebridge Property Group.

Dylan Kilner
0459 396 341

Max Warren
0488 296 892

Chao Zhang
0411 625 068

*Approximately

Property Code: 1210