Gross Waddell ICR is pleased to offer for sale 8 Martin Street, St Kilda, a character-filled commercial freehold with enormous potential to occupy, invest, or develop (STCA). Nestled in a quiet position yet surrounded by a hive of activity, this property resides in one of Melbourne's most in-demand commercial and lifestyle destinations.
835 sqm* of building space spread across two levels and benefitting from 12 on-site car parks.
Boasts an awe-inspiring saw tooth roof, providing an abundance of natural light and character.
100% leased to three long-established tenants offering short-term holding income.
Ability to occupy all or part of the building post lease expiration, with two ground-floor tenancies and one first-floor tenancy.
Favourably zoned Mixed Use Zone (MUZ) and situated on an expansive 686 sqm* landholding, providing significant value-add or development potential (STCA).
Surrounded by numerous prominent and successful developments, with neighbouring precedents of up to seven storeys (STCA).
Located within St Kilda's bustling commercial precinct, metres from the ever-popular Carlisle Street and moments from Chapel Street and Acland Street.
Ideal connectivity to Melbourne's CBD and beyond, with trams and trains moments away.
The property is for sale via Expressions of Interest, closing at 3:00 pm on Thursday, 20 March 2025. For further information or to inspect the property, please contact Gross Waddell ICR directly.
*Approx.