313-317 Kings Way South Melbourne VIC 3205

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