​Extensive CBD Fringe Corner Site hits the market with Plans & Permit

​Extensive CBD Fringe Corner Site hits the market with Plans & Permit


May 2017
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​Extensive CBD Fringe Corner Site hits the market with Plans & Permit

The Savills Melbourne team has brought to the market 3,040 sq m of prime real estate located at 127-129 Kavanagh Street and 63-83 Kings Way, Southbank.

This expansive corner site has been approved for a landmark mixed-use project (with room for 780 apartments plus retail space), and its potential for uninterrupted views of Port Phillip Bay and Albert Park Lake will no doubt attract many of the independent renters common to the area. 


Located around 300m from the internationally-renowned Crown Casino precinct and fortuitously situated near the $1.5 billion Melbourne Square project, the development and its surroundings also represent a major draw for lifestyle amenity and retail investors. 


Key features of this corner property also include: 


- Permit Approved
-Capital City Zone status
-Proximity to the South Melbourne shopping precinct
-An extraordinary opportunity to “get in on the ground floor” of Melbourne’s constantly evolving skyline and booming growth
-Proximity to the enormously successful Marco project (a luxury apartment, leisure and entertainment complex)

“Restrictions on development height and density are tightening, and this Kavanagh/Kings Way site may be one of the last major permit-approved opportunities available on the Melbourne market”. Savills Director, Nick Peden. 


127-129 Kavanagh Street & 63-83 Kings Way is for sale by expressions of interest and is closing Thursday, 25 May at 2pm.


For further information, please contact:


Clinton Baxter - 0413 569 888
Nick Peden - 0402 011 266
Jesse Radisich - 0402 085 702

View this property by clicking here: https://www.developmentready.com.au/properties/127... 

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