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90 and 92 St Kilda Road
St Kilda, VIC 3182

Contact Agent

Land Size: 298 sqm
Property Type: Commercial
Last Updated: 16 Mar 2026
Overview

Dual Freehold Investment with Existing Income & Value-Add Potential

NAIHarcourts Balwyn Commercial is pleased to present 90 & 92 St Kilda Road, St Kilda for sale by Expressions of Interest.

This outstanding opportunity comprises two adjoining freehold commercial buildings positioned within the highly sought-after St Kilda Road retail and commercial precinct. Offering existing tenancy income, the property presents immediate holding income with future flexibility.

Configured across two levels, each building provides ground floor retail accommodation and first floor office/consulting suites, offering flexible commercial space in a high-profile bayside location.

Key Investment Highlights:

  • Two adjoining freehold commercial buildings offered together
  • Combined building area of approximately 298 sqm*
  • Current combined gross income approx. $84,500 p.a. + GST*
  • Ground floor retail premises with strong street frontage
  • First floor office / consulting accommodation with multiple rooms
  • Rear laneway access with on-site parking
  • Flexible commercial accommodation across two levels
  • Positioned within a tightly held bayside commercial precinct

90 St Kilda Road
Ground Floor Retail: ~75 sqm (leased)
First Floor Office: ~74 sqm (vacant)

92 St Kilda Road
Ground Floor Retail: ~75 sqm (leased)
First Floor Office: ~74 sqm (leased)

Location:

The property is ideally located along St Kilda Road, one of the suburb's most established commercial strips, surrounded by a vibrant mix of cafés, hospitality venues, medical services and professional businesses. The location benefits from close proximity to Fitzroy Street, St Kilda Beach and the Melbourne CBD (approximately 6 km), together with excellent public transport connectivity via nearby tram routes.

This represents a rare opportunity to secure a dual freehold commercial holding with existing income and future leasing potential within one of Melbourne's most tightly held bayside suburbs.

*Approximate areas only.

Location
90 and 92 St Kilda Road
St Kilda VIC 3182
Market Insights for St Kilda VIC 3182
New Listings (last 30 days)
8
Average price
$1,250,000
Lowest price
$300,000
Highest price
$2,400,000
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* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.