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380 St Kilda Road
OFFICE

380 ST KILDA ROAD

380 St Kilda Rd, Melbourne, VIC 3000

This 15-level, A-grade office building comprises six podium levels of up to 2,800 square metres each, with tower floors of 1,200 square metres each. Prominently located at the city end of St Kilda Road and opposite the Royal Botanic Gardens, the building has excellent natural light and views to Port Phillip Bay. 380 St Kilda Road has received approval for refurbishment works which commenced in late 2022. The works include a lobby refurbishment, ground floor plane repositioning and end of trip upgrades. The building has achieved a 5.5 star NABERS Energy rating.

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Grade
A
Nabers Rating
5 Star
Ownership
100% Mirvac
NLA
23,778 SQM

Summary information

Acquisition/Agreement Date Oct 95 (50%), Apr 01 (50%)
Last External Valuation Date Jun-22
Valuation at 30-JUN-23 $217.8m
Valuer Directors Valuations
Capitalisation Rate 5.88%
Discount Rate 6.50%
Gross Office Rent $640 SQM
Car Spaces 331

Lease Expiry Profile % Income

Wale: 2.3 YEARS

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
Toll Transport 2,800 Nov 25
Entity Name NLA / GLA SQM Lease Expiry
Defence Health 2,778 May 28
380 St Kilda lobby elevators

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Mirvac acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Owners of the lands and waters of Australia, and we offer our respect to their Elders past and present.  

Artwork: ‘Reimagining Country’, created by Riki Salam (Mualgal, Kaurareg, Kuku Yalanji) of We are 27 Creative.