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
Map for 313-317 Kings Way South Melbourne VIC 3205
Map for 313-317 Kings Way South Melbourne VIC 3205
Commercial loan calculator
powered by
Commercial Real Estate & Valiant have pulled some useful resources to help you on your journey. Kick things off with our commercial loan calculator to see estimated repayments.
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.
