OVERVIEW

Cushman & Wakefield is pleased to present Units 1-15, 34-36 Wellington Street, St Kilda for sale via Expressions of Interest, closing Thursday, 27 November at 2:00 PM.

This full-block offering presents a unique opportunity to acquire a collection of fifteen recently renovated, strata-titled apartments securely leased to Homes Victoria. Located in a high-demand rental market, the property provides a secure long-term income stream and strong rental growth potential.

Key Property Features:

- Fifteen strata-titled one-bedroom apartments across three levels

- Gross annual rent over $402,900*

- Leased to Homes Victoria for a 3-year term with 10% annual rental increases

- 7 on-site, at-grade car spaces

- Generous site area of 768 sqm* zoned General Residential Zone (GRZ)

- High-quality renovations including new kitchens, bathrooms, flooring, fixtures, and upgraded communal areas

- Full turnkey fit-out inclusive of furnishings, appliances, kitchen and laundry essentials

- Approximately 5 km from Melbourne CBD with excellent connectivity via tram and train routes

- Walking distance to Chapel Street, Fitzroy Street, St Kilda Cricket Ground, and Albert Park Lake

For further details, please contact Cushman & Wakefield:

Joe Kairouz +61 421 430 638

Oliver Hay +61 419 528 540

Hamish Burgess +61 421 641 497

*Approximately