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566 St Kilda Rd - The Jewel 1,668 SF Office Condo Unit Offered at $358,104 in Melbourne, VIC 3004
Investment Highlights
- Situated along a high-profile arterial with direct connectivity to Melbourne CBD and surrounding business districts.
- Each suite features modern fittings, natural light, and shared kitchenette facilities to support diverse business needs.
- Located moments from Albert Park Lake, The Alfred Hospital, and major lifestyle destinations.
- On-site amenities include a food court, free gym, café, florist, and secure parking options for tenants and visitors.
- Superior accessibility with tram access at the doorstep and nearby train and bus services.
- Flexible purchase or leasing options, including vacant suites or tenanted assets providing an income stream.
Executive Summary
566 St Kilda Road in Melbourne is a mixed-use office building comprising multiple small-format office suites and medical consulting spaces. The property is located along the St Kilda Road corridor approximately 3 kilometers from Melbourne CBD and is connected by tram services running along St Kilda Road. It includes shared amenities such as kitchen facilities, on-site car parking, and a gym. Surrounding land uses include educational institutions, healthcare facilities, and public open space associated with Albert Park. Access to major roadways and proximity to the city form part of the property's locational attributes.
1 Unit Available
Unit 114
| Unit Size | 1,668 SF | Sale Type | Investment |
| Price | $358,104 | Cap Rate | 8.08% |
| Price Per SF | $214.69 | NOI | $28,937.70 |
| Condo Use | Office | No. Parking Spaces | 9 |
| Unit Size | 1,668 SF |
| Price | $358,104 |
| Price Per SF | $214.69 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 8.08% |
| NOI | $28,937.70 |
| No. Parking Spaces | 9 |
Description
Suite 114 is a professionally designed office within the prestigious St Kilda Road commercial precinct, offering exceptional connectivity to Melbourne's CBD and surrounding suburbs. Positioned in a high-profile location, this space combines functionality with a professional image, making it an ideal choice for owner-occupiers or investors.
Key internal features include multiple private offices, a dedicated meeting or boardroom, and a generous reception area that creates an immediate professional impression. Supplementary facilities, such as a functional kitchenette and internal storage room, enhance the workspace convenience, while a combination of enclosed rooms and open-plan potential delivers flexibility for various business types.
Located along one of Melbourne’s most recognized commercial boulevards, the property provides direct tram access at the doorstep, easy links to arterial roads, and proximity to Albert Park, Wesley College, and numerous cafés and eateries. Optional on-site car parking, including three tandem spaces, ensures accessibility for clients and staff.
Sale Notes
The Jewel at 566 St Kilda Road offers a premier investment opportunity in one of Melbourne’s most recognizable mixed-use developments. This boutique commercial complex is designed to cater to office professionals and medical consultants seeking a high-quality, flexible environment. Individual strata-titled suites are available with vacant possession or existing leases, providing both owner-occupier and investor appeal.
Amenities throughout the building include modern kitchen facilities on every floor, on-site security parking, and optional phone answering services. Many suites feature natural light with upgraded finishes, enhancing the professional aesthetic and functionality. Complemented by proximity to Albert Park Lake, Wesley College, and The Alfred Hospital, the property benefits from immediate access to Melbourne’s arterial road network and tram services directly outside the building.
Whether looking for an affordable office space to own or seeking strong leased investments, 566 St Kilda Road delivers accessibility, amenity, and long-term value in Melbourne's vibrant commercial corridor.
+4 More
Shared office space
Shared office space
Meeting area
Individual office
Individual office
Floor plan
Individual office
Shared office desk area
Kitchen area
Property Facts
| Total Building Size | 86,219 SF | Floors | 8 |
| Property Type | Office (Condo) | Typical Floor Size | 10,775 SF |
| Building Class | C | Lot Size | 0.52 AC |
| Total Building Size | 86,219 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 8 |
| Typical Floor Size | 10,775 SF |
| Lot Size | 0.52 AC |
Amenities
- 24 Hour Access
- Food Court
- Wheelchair Accessible
- Kitchen
- Wi-Fi
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566 St Kilda Rd - The Jewel
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