Residential

257 Barkly Street, St Kilda

257 Barkly Street St Kilda, VIC Australia 3182
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key facts

Building Area Gross
Land Area Gross ()

Property description

JLL Melbourne Commercial Sales are pleased to have the exclusive privilege of offering for sale this whole block of oversized bayside apartments at 257 Barkly Street, St Kilda.


Key details of the opportunity include:


- A whole block of eight oversized one-bedroom apartments with opportunity for passive holding, refurbishment or redevelopment.

- Fully leased returning $112,572pa per annum of income with St Kilda being one of Melbourne’s most in-demand rental markets.

- Prominent bayside landholding with dual street frontages to Barkly Street and Pumpkin Lane.

- Significant redevelopment potential that is suitable for numerous residential options (STCA).

- Firmly entrenched within one of Melbourne’s most distinctive lifestyle locations in St Kilda, a vibrant precinct underpinned by renowned St Kilda beach, Acland & Carlisle Street retail precincts and numerous eateries that line the foreshore.

- Unparalleled access to the Melbourne CBD and surrounding suburbs with bus services running along Barkly Street and numerous tram services along nearby Carlisle Street and Brighton Road.

- Well serviced by lifestyle and recreational amenities including the Peanut Farm Reserve, the St Kilda Skate Park and the Marina Reserve within immediate proximity.

- In-demand Melbourne bayside suburb with median house price above $1,900,000 (REIV), 1.9 times higher than the metropolitan Melbourne average.

 

257 Barkly Street is For Sale Public Auction on Thursday 4 November 2021 at 12:30pm (AEDT).


We will be allocating 10 minute time slots for groups to inspect the property. These private inspections will run at the following times:

- Thursday 14 October: 11.00am – 12.00pm

- Wednesday 20 October: 11.30am – 12.30pm


To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

 

Tim Carr | 0415 767 915

Mark Stafford | 0440 401 053

Josh Rutman | 0411 27 37 46

Mingxuan Li 李名  | 0498 688 998

Investment highlights

  • Whole block of 8 large apartments
  • Strategic redevelopment opportunity
  • Renowned bayside location
Last Updated Date: 12 Oct 2021
Josh Rutman
Josh Rutman
Executive Director, Head of Capital Markets - Victoria
Tim Carr
Tim Carr
Executive - Middle Markets

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Last Updated Date: 12 Oct 2021

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