Colliers are proud to present “Saint Alma” 97 Alma Road, St Kilda East for sale via Expressions of Interest closing Tuesday 30 November 2021 at 2pm (AEDT).

Situated directly across the road from Alma Park, “Saint Alma” is a highly sought-after inner-city location that provides the ultimate flexibility. Underpinned by a strong income profile with value-add opportunities the 5,008m² site makes the property a prime medium term redevelopment prospect. Within a short walk to train, tram and retail, “Saint Alma” is a premium inner-city opportunity not to be missed.

Key features include:

• Significant park fronting site of 5,008m² ripe for redevelopment
• General Residential zoning allows for a multitude of development outcomes, including residential, medical or aged care STCA).
• Leased to longstanding tenant Fitness First until October 2024 with no further options
• Current passing rental of $841,399 plus GST p.a
• Substantial improvements provide the opportunity for ongoing use or owner occupation for medical, health or place of worship (STCA)
• Located in the desirable and affluent suburb of St Kilda East which possesses a median house price of $1,750,000* (REIV)
• Prime position opposite Alma Gardens will provide stunning northern views
• Well connected to greater Metropolitan Melbourne via close proximity to all modes of public transport and major arterial roads, including Windsor & Balaclava Train Stations and Dandenong & St Kilda Road Trams
• Surrounded by major retail amenity including world-renowned Chapel Street Windsor, Balaclava Shopping Village and Fitzroy Street, St Kilda
• Close proximity to some of Melbourne’s most prestigious schools including St Michael’s Grammar, Caulfield Grammar and King David School
• Acclaimed open space and lifestyle amenity nearby including Alma Park, Albert Park Lake and St Kilda Beach

For more information on the above property, please contact the exclusive selling agents