14 Alma Road, St Kilda, Vic 3182

Colliers is pleased to present Cnr Alma + St Kilda, St Kilda, a landmark permit-approved development opportunity occupying a prominent triple-fronted corner position at the gateway to Melbourne's renowned grand St Kilda Road boulevard. The site comprises an amalgamation of 21 one-bedroom apartments on a substantial 1,051sqm* landholding, offered for sale in one line.

Positioned atop St Kilda Hill, the property benefits from exceptional protected panoramic outlooks and a planning permit approved for a striking 17-level residential development comprising 94 apartments and 274sqm* of ground-floor retail accommodation.
Situated at the intersection of Alma Road and St Kilda Road, one of Melbourne's most recognisable residential and lifestyle destinations, the property enjoys immediate access to public transport, major retail precincts, parklands, beaches and the Melbourne CBD.

The key highlights of the opportunity include:

- Prime corner landholding of 1,051sqm*
- Triple-fronted site with extensive frontage to St Kilda Road, Alma Road and ROW
- Permit approved for a 17-level mixed-use development
- Endorsed scheme comprising 94 apartments and 274sqm* of retail NLA
- Elevated position atop St Kilda Hill with protected panoramic views
- Existing improvements comprising 21 one-bedroom apartments offered in one line
- Holding income of approximately $180,000 per annum*
- Mixed Use Zone (MUZ)
- Located approximately 5km* from Melbourne CBD
- Positioned within walking distance of St Kilda Beach, Fitzroy Street, Acland Street, Chapel Street and Windsor Station
- Gateway site to Melbourne's premier apartment boulevard, St Kilda Road

As Melbourne's residential development market continues to be underpinned by a shortage of well-located permit-approved opportunities, Alma + St Kilda presents a rare chance to secure a development-ready project within one of Melbourne's most established and evolving lifestyle precincts; St Kilda. The location is supported by significant residential investment, major mixed-use projects and enduring demand from owner occupiers and renters alike. 

For Sale via Expressions of Interest closing Tuesday 1 September 2026 at 2:00pm (AEST). 

*Approx