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:

*Approximately