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313-317 Kings Way
South Melbourne VIC 3205
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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:

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

Savills Melbourne
Savills Melbourne
Level 29, South Tower, 80 Collins Street,
Melbourne, VIC 3000

Property Highlights

Date Sold16 Apr 2021
Floor AreaAsk Agent
Land Area297 m²
ParkingOn site parking available
Property ID2016875148
Category
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
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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Savills Melbourne
Savills Melbourne
Level 29, South Tower, 80 Collins Street,
Melbourne, VIC 3000

Property Highlights

Date Sold16 Apr 2021
Floor AreaAsk Agent
Land Area297 m²
ParkingOn site parking available
Property ID2016875148
Category
Last updated  1 Oct 2021

Listed by

Benson Zhou
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.

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