313-317 Kings Way South Melbourne VIC 3205

Development / Land
297 m²
Sold

Incredible South Melbourne Freehold Set on a Valuable Island Landholding

Fully Leased 3-level Building
15 Apartments + Rooftop Signage
Significant Future Development Potential

Savills is delighted to offer for sale this incredible 3-level freehold which is positioned on a super rare South Melbourne island landholding at 313-317 Kings Way (Corner Kings Place & Cobden Street).

Key attributes of this fantastic opportunity are:

Boutique 3-level South Melbourne building within the prized Domain Precinct
Ultra-rare island landholding with frontages to Kings Place, Cobden Street & Kings Way
15 fully leased residential apartments + extremely prominent and high exposure rooftop signage
Secure ground level parking for 6 cars
Total Rental: $218,409 per annum* + GST
Significant rental upside potential (with the rooftop signage only generating a fraction of market potential rental)
One of South Melbourne's only island landholdings providing abundant natural light and view lines
Mixed Use Zone providing for 60m development height potential (STCA)
Positioned in a high-rise development hot spot with a number of nearby projects underway
Strong existing cash flow with potential to capitalise on the significant rental/ development upside potential
A superb South Melbourne location just moments from the future Anzac Train Station/Domain Tram Interchange, the Royal Botanic Gardens and Albert Park Lake

*Approximate.

For further information please contact:

Benson Zhou - 0458 488 888
Julian Heatherich - 0412 995 655

Savills Melbourne

Level 29, South Tower, 80 Collins Street,

Melbourne, VIC 3000

Property Highlights

Date Sold	16 Apr 2021
Floor Area	Ask Agent
Land Area	297 m²
Parking	On site parking available
Property ID	2016875148
Category	Development / Land
Last updated	1 Oct 2021

Map for 313-317 Kings Way South Melbourne VIC 3205

Nearest transport* to 313-317 Kings Way South Melbourne VIC 3205

Bus

Train

Tram

ANZAC Station/St Kilda Rd (Melbourne City)	316 m
ANZAC Station/St Kilda Rd (Melbourne City)	363 m
ANZAC Station/Domain Rd (Melbourne City)	414 m
ANZAC Station/Domain Rd (Melbourne City)	450 m

*Within a 4km radius

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Savills Melbourne

Level 29, South Tower, 80 Collins Street,

Melbourne, VIC 3000

Property Highlights

Date Sold	16 Apr 2021
Floor Area	Ask Agent
Land Area	297 m²
Parking	On site parking available
Property ID	2016875148
Category	Development / Land
Last updated	1 Oct 2021

Listed by

Benson Zhou

Savills Melbourne

Call

0458 488 888

More about 313-317 Kings Way South Melbourne VIC 3205

313-317 Kings Way South Melbourne VIC 3205 is categorized as Land & Development Property. It has a land area of 297 m². The listing ID for this property is 2016875148.