8 Alexandra Street Apartment Building For Sale South Yarra, VIC 3141

This rare South Yarra opportunity combines unparalleled location, immediate cash flow, and exceptional future upside. Positioned opposite the lush expanse of Fawkner Park and moments from Melbourne’s highest-demand lifestyle precincts, 8 Alexandra Street comprises a block of nine recently refurbished, individually titled apartments on a substantial 500 m² landholding. Offering five on-site car spaces and a commanding 19.85-meter frontage, this property blends stable income generation with ultimate development flexibility.
Currently providing strong gross rental income, the property is well-insulated for consistent performance thanks to its recent renovations and highly walkable location (Walk Score: 98/100). Its zoning and scale create significant redevelopment potential (STCA), appealing to developers seeking a long-term project pipeline in one of Melbourne’s most prestigious inner-suburban markets. Surrounded by elite schooling options, iconic attractions such as Chapel Street, Prahran Market, and the Royal Botanic Gardens, as well as seamless connectivity via South Yarra Station and Toorak Road trams, this is an irreplaceable address for capital growth.
Whether held as a strategic landbank, repositioned for premium income, or redeveloped into luxury apartments, this offering commands attention in a market defined by scarcity. Expression of Interest closes Thursday, 15 August at 2:00 PM.