Stonebridge Property Group is pleased to present for sale 20 Pakington Street, St Kilda.
The Property is permit approved for a 5-level apartment development, comprising 18 dwellings.
Offering developers an excellent opportunity to acquire a completely cleared and shovel ready landholding, in a prime St Kilda location with world-class surrounding amenity and underpinned by an extremely strong residential market with high demand for apartments.
The key highlights of the opportunity include:
- Permit approved for 5-storey apartment building, comprising 18 dwellings
- Flexible Mixed-Use Zone allowing alternate development outcomes including office, food and drink premises etc. (STCA)
- Shovel ready landholding of 489 sqm*
- Prime St Kilda location with outstanding retail amenity via Inkerman Street ALDI (adjacent), bustling Carlisle Street (240 m*), Chapel Street (250 m*) and Acland Street (750 m*) as well as Coles Balaclava (450 m*)
- Nearby iconic attractions including St Kilda Botanical Gardens (500 m*), St Kilda Beach (1.2 km*) and St Kilda Marina (1.4 km*)
- Home to renowned dining institutions, Post Office Club Hotel (200 m*), Village Belle Hotel (750 m*), Donovan's (1.1 km*), Stokehouse (1.2 km*) and Hotel Esplanade (1.3 km*)
- Excellent public transport amenity with Balaclava Train Station only 650 m* away and St Kilda Road trams (120 m*) providing direct access to Melbourne CBD
- Residents have access to outstanding education institutions, St Kilda Primary School (450 m*), St Michaels Grammar School (800 m*) and Caulfield Grammar School (1.8 km*)
- St Kilda's residential market is strong, underpinned by a median house price of $1,550,000 (REIV 2024)
To obtain further information, or to arrange an inspection, please contact the exclusive selling agents.
Andrew Milligan
0421 559 992
Julian White
0422 764 137
Chao Zhang
0411 625 068
Property Code: 1004
