Bright Lights on One of Melbourne’s Most Treasured Stages, the Alex Theatre

St Kilda’s iconic performance arts landmark hits the market

Colliers, under instructions from BDO as agents for the mortgage in possession, is proud to present a once-in-a-generation opportunity to acquire one of Melbourne’s most iconic cultural venues, The Alex Theatre, located at 135 Fitzroy Street, St Kilda. Colliers Investment Services team of Lucas Soccio, Eddie Foulkes and Ryan Milivojac are managing the listing.

Offered for sale via International Expressions of Interest closing Friday, 22 August 2025 at 2:00pm (AEST), this landmark property comprises 1,484.6 sqm* of versatile floor space across two strata-titled lots within the renowned George Apartments building.

Originally home to the George Cinemas from 1994 to 2010, the site was transformed into the Alex Theatre in 2015 and has since played a pivotal role in Melbourne’s performing arts scene. From that year, the venue has then positioned itself as an institution within the performing arts industry, showcasing a commercial off-Broadway style while offering a platform for the arts community.

The glowing stages have welcomed a diverse array of productions, rehearsals, and cultural events, inviting devoted audiences to step into a piece of history and experience vibrant, immersive entertainment. Its legacy is built on a foundation of inclusivity, innovation, and artistic excellence, values that can align with investors alike.

“This is a truly unique opportunity to secure a fully operational performing arts venue in one of Melbourne’s most vibrant and well-connected suburbs,” said Lucas Soccio, Executive at Colliers.

The vibrant entertainment venue holds two purpose-built theatres, the Theatre One with 500 seats and Theatre Two with 291 seats. It also has a rehearsal studio, bar and lounge, and office spaces. Zoned Commercial 1, the site is offered with vacant possession, allowing for a wide range of future uses (STCA).

Colliers Investment Services Executive, Eddie Foulkes concluded, “With a venue capacity welcoming up to 940 patrons and a rich history as a performing arts destination, this property is ideally suited for investors, cultural institutions, or owner occupiers seeking a high-profile foothold in one of Melbourne’s most iconic precincts.”