83 Alma Road, St Kilda, Vic 3182

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Block Of Units
Type
18
Bedrooms
15
Bathrooms
931 m²
Area

Published on Wednesday, May 27, 2026 ( See property details for 83 Alma Road, St Kilda, Vic 3182)

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  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare investment opportunity in St Kilda featuring a well-maintained, high-yielding apartment block with development potential in a prime bayside location.

🏡 Property Highlights

  • Prime bayside location just 2km from St Kilda Beach
  • Well-positioned apartment block with 15 units and on-site parking
  • Strong rental income of $238,824 per annum with zero vacancy
  • Potential for value addition and development in a sought-after area
  • Close to Alma Park Gardens and Chapel Street’s vibrant shopping precinct
  • Proximity to major transport links including Windsor Train Station and Tram 78

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Secure Parking
  • Waterfront / Views
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Pet-Friendly
  • Garage / Secure Parking
  • Internal Laundry

St Kilda is a vibrant bayside suburb renowned for its lively atmosphere, iconic beach, and diverse dining and entertainment options. It offers excellent public transport links, proximity to Melbourne’s CBD, and a strong community feel. The area is highly sought after by investors and residents alike, with ongoing developments enhancing its appeal. With beautiful parks, beaches, and a thriving cultural scene, St Kilda provides an exceptional lifestyle and investment environment.

What is the current rental income and vacancy rate for this property?
The property currently generates an annual rental income of $238,824 with zero vacancy, indicating a strong and stable income stream.
Are there any development opportunities or zoning restrictions?
The property is zoned General Residential (GRZ), offering potential for further development or value addition subject to council approvals.
What amenities and transport options are nearby?
The property is within walking distance to Alma Park Gardens, Chapel Street’s shopping precinct, and public transport including Windsor Train Station and Tram 78, providing excellent connectivity.
Is there potential for additional revenue streams?
Yes, each level includes a coin-operated washing machine, providing an additional source of income.
What are the key advantages of this location?
The property benefits from a prime bayside location close to beaches, parks, shopping, dining, and major arterial routes like Dandenong Road and St Kilda Road.
Are there any hidden costs or upcoming maintenance expenses associated with the property? Has the property been fully compliant with all local zoning and building regulations? Are there any existing easements, covenants, or restrictions affecting development potential? What is the history of the property's occupancy and rental performance? Are there any planned or ongoing nearby construction projects that could impact the property? Is the property located in a flood or bushfire-prone area? Are there any strata or body corporate fees applicable to this property? What are the long-term plans for the surrounding neighbourhood and infrastructure? Are there any known defects or issues with the building or land? What are the zoning restrictions and potential for future development or subdivision?

83 Alma Road, St Kilda, Vic 3182 - More Details

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Type
Block Of Units
Bedrooms
18
Bathrooms
15
Area
931 m²
House Size
10,117.14 m²

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