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1,2,3 & 4/96 Grey Street, St Kilda

10
4
2
$3,500,000

A Rare Investment Opportunity with Exceptional Returns

This is a once-in-a-lifetime opportunity for the astute investor, offering a substantial property with remarkable rental income. Spanning approximately 854sqm, this prime St Kilda allotment is currently occupied by four individually titled homes, each operating as high-yield, fully furnished rental accommodations. The property breakdown is as follows: House 1: Four self-contained one-bedroom/studio apartments House 2: Seven-bedroom dwelling House 3: Registered Boarding House with eight rooms House 4: Four-bedroom house with an adjacent studio Generating a gross rental return of approximately 10%, this is an unparalleled investment with incredible cash flow. While immediately profitable, the property also holds significant future potential-whether through modern updates, redevelopment, or a long-term land-banking strategy (STCA). Perfectly positioned just moments from Barkly, Acland, and Fitzroy Streets, as well as Albert Park, St Kilda Beach, and key public transport links, this is an opportunity to secure a high-performing asset in one of Melbourne's most sought-after lifestyle locations. Invest, develop, or hold - the choice is yours, but opportunities like this don't come around often.

Partner | Head of Sales
Sales Associate
Property information
Property ID
222P524381
Property type
Block Of Units
Land size
854.0 sqm

Request for Contract

Thank you for your interest in 1,2,3 & 4/96 Grey Street, St Kilda VIC 3182. To receive a copy of the contract via email, please fill in your details below.

 
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Get to know the area

Buzzy St Kilda is more than a suburb – it’s an icon. For those who are yet to visit, chances are you’ll recognise the grinning façade of Luna Park. But there’s so much more to this much-loved beachside suburb. From an impressive international dining scene to endless late night revelry, colourful St Kilda has it all.

Your local office

Located in Melbourne’s iconic, seaside suburb, Belle Property St Kilda, together with our partner office Belle Property Brighton is an award-winning boutique real estate agency known for its dedication, customer centric approach and superior results.

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