Alfred buys St Kilda Road block for research hub
St Kilda Road is set for its first major office building this century – with Alfred Health paying $31m for an Art Deco block of flats with plans for a skin cancer clinic and research facility.
The deal for #545 – neighbouring The Alfred hospital on Commercial Rd – was negotiated by Colliers’ John Marasco.
The property was unsuccessfully marketed by a different agency three years ago.
It includes a 1930s triple storey complex with 25 strata suites – a mix of offices and apartments – on 2865 square metres, about a kilometre from Prahran train station.
The new owner – which started demolishing the existing structure last month – is intending a $94m, six-storey facility to be known as the Victorian Melanoma and Clinical Trials Centre.
Also with a two level basement and helipad, the building will provide overnight and same day patient care, education and therapy rooms and medical suites.
The hospital could be operational by 2024 (story continues below).
Earlier this month, Samuel Property paid 20 strata unit owners $21m for a low rise apartment block at nearby 8 Louise Street with plans for a c115-dwelling residential tower.
Last month, Oreana Property Group outlaid $35m for an office and retail arcade held by 11 parties at 177 Toorak Rd, South Yarra.
In 2019, multiple owners united to sell other sites at 12-16 Shipley St, Box Hill and 14 Alma Rd, St Kilda, to developers.
More to come.
Subscribe to our newsletter at the bottom of this page.
