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Sold on 16 Apr 2021

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:
Clinton Baxter - 0413 569 888
Benson Zhou - 0458 488 888
Julian Heatherich - 0412 995 655

Jesse Radisich
Savills Melbourne
Jesse Radisich
Savills Melbourne
Nick Peden
Savills Melbourne
Nick Peden
Savills Melbourne
Mark Stafford
Savills Melbourne
Mark Stafford
Savills Melbourne
Benson Zhou
Savills Melbourne
Benson Zhou
Savills Melbourne

Property Highlights

Property ID2016875148
Date Sold16 Apr 2021
Floor AreaAsk Agent
Land Area297 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  11 Jun 2021
Map for 313-317 Kings Way South Melbourne VIC 3205
Map for 313-317 Kings Way South Melbourne VIC 3205313-317 Kings Way South Melbourne VIC 3205
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

Find out your loan options

Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

Jesse Radisich
Savills Melbourne
Jesse Radisich
Savills Melbourne
Nick Peden
Savills Melbourne
Nick Peden
Savills Melbourne
Mark Stafford
Savills Melbourne
Mark Stafford
Savills Melbourne
Benson Zhou
Savills Melbourne
Benson Zhou
Savills Melbourne

Property Highlights

Property ID2016875148
Date Sold16 Apr 2021
Floor AreaAsk Agent
Land Area297 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  11 Jun 2021
Savills Melbourne
Level 29, South Tower, 80 Collins Street, Melbourne VIC 3000
Jesse Radisich
Savills Melbourne
Jesse Radisich
Savills Melbourne
Nick Peden
Savills Melbourne
Nick Peden
Savills Melbourne
Mark Stafford
Savills Melbourne
Mark Stafford
Savills Melbourne
Benson Zhou
Savills Melbourne
Benson Zhou
Savills Melbourne

Ask Jesse Radisich about this property

Jesse Radisich

Jesse Radisich

Savills Melbourne

Nick Peden

Nick Peden

Savills Melbourne

Mark Stafford

Mark Stafford

Savills Melbourne

Benson Zhou

Benson Zhou

Savills Melbourne

0402 *** ***
0402 085 702

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