Alfred buys St Kilda Road block for research hub

The proposed six storey clinic and research facility.

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 building would have a curved front facade.

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).

Demolition of 545 St Kilda Road started last month.

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.

Eleven strata owners recently united to sell South Yarra Square to Oreana Property Group for $35m.

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.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of