Rare Commercial Opportunity in St Kilda Road’s ‘Opera’ Building Offered to Market

Situated at the heart of St Kilda Road’s revitalisation precinct, the premium ground floor of the ‘Opera’ Melbourne building is being offered for sale by Savills in conjunction with Advise Transact. The asset represents a rare opportunity for owner occupiers and investors to acquire a commercial space surrounded by best-in-class developments.

The commercial suite, located at 450 St Kilda Road, sits within the luxurious residential building developed by Golden Age Group. The 317 sqm open plan floor space makes the property ideal for a range of uses, plus an additional 105 sqm licensed outdoor entertainment area. The internal area has test fit-out plans available for medical, health & wellness and offices (subject to council approval).

The revitalisation of St Kilda Road is undergoing a circa $2 billion development, consisting of six projects that will deliver close to 1,500 high-end dwellings to the market over the next three years. The projects are being developed by well-known developers, such as Gurner Group, Orchard Piper, Devitt Property Group, HOME, CBUS and SIDG. The area is set to become one of Melbourne’s most exclusive residential precincts.

Tom O’Halloran, Executive, Commercial Sales at Savills Australia and New Zealand, remarked, “The property is situated in the epicentre of St Kilda Road’s revival precinct. It’s in a prime central location with excellent connectivity to the new Anzac metro station, and we have been fielding strong enquiry from retail, hospitality and wellness groups looking to enter the St Kilda Road market.

Harrison Casey, Executive, Commercial Sales, at Savills Australia and New Zealand, commented, “The 1,500 dwellings comprise of around 1,400 apartments, ranging from luxury to build-to-rent, and 108 five-star hotel rooms in the immediate catchment area by some of Australia’s pre-eminent developers. The exceptional quality of these developments will underpin demand for new retail and commercial offerings along St Kilda Road Boulevard.”

The luxurious ‘Opera’ development was designed by world-renowned architectural outfit Bates Smart and developed by nationally recognised Golden Age Group and constructed by top-tier builder Hickory. Completed in 2018, ‘Opera’ has 19 levels of residential area with 236 luxury apartments and a 3-level basement with 209 car spaces.

For over 20 years, Golden Age Group has shaped Melbourne’s skyline and cultural landscape with a diverse portfolio spanning residential, commercial, hotel and mixed-sue developments. Notable projects include the Sheraton Hotel (2014), Victoria One (2018), and Collins House (2019) and in 2025, the group completed 130 Little Collins, a luxury office development.

The asset is listed by private sale, and is available for immediate occupation with offers expected upwards of $2,200,000.