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Situated opposite the Kings Domain, with sweeping views over the Shrine of Remembrance, Government House and the Royal Botanic Gardens in a very prestigious position in the St Kilda Road precinct.
Existing improvements include a single level refurbished commercial office building with carparking on a large parcel of land comprising approximately 1,080 sqm with three street frontages.
Given the prime location overlooking the Kings Domain precinct and the 70-metre height limit, the property provides a significant residential development opportunity in one of Melbourne's premium residential postcodes, only moments from the CBD centre.
This blue-ribbon location is further enhanced by the opening of Anzac Railway Station.The property is being offered on a Lease-back basis., with a Demolition Clause allowing vacant possession.
A summary of salient features and key aspects of this opportunity include;
* Well located parcel of land comprising 1,080.03 sqm with 3 street frontages
* Commercial 1 Zone, providing high density development potential for BTS or BTR
* 70 metre / 20 plus level height limit
* Positioned opposite State significant / heritage listed landmarks including Royal
Botanic Gardens, Shrine of Remembrance, Government House all within Kings
Domain – a true 'postcard' location
* Situated only 1.5km from the CBD
* For sale with three year lease-back returning $220,000 pa with Demolition Clause
* Walking distance to Anzac Railway Station, Domain Village retail precinct, NGV and Arts Precinct, Albert Park Lake
* Strong demographic appeal for quality residential projects in this precinct
* Surrounded by premium residential developments, including The Muse, 409 St Kilda Rd; Four Three Seven, CBUS at 437 St Kilda Rd; Park Modern, Time & Place at 11 Dorcas St; The Carter, Orchard Piper at 448 St Kilda Rd.
For sale by Expression of Interest Closing 12 June 2025 @ 3pm
Remember to mention you found this property on DevelopmentReady
Situated opposite the Kings Domain, with sweeping views over the Shrine of Remembrance, Government House and the Royal Botanic Gardens in a very prestigious position in the St Kilda Road precinct.
Existing improvements include a single level refurbished commercial office building with carparking on a large parcel of land comprising approximately 1,080 sqm with three street frontages.
Given the prime location overlooking the Kings Domain precinct and the 70-metre height limit, the property provides a significant residential development opportunity in one of Melbourne's premium residential postcodes, only moments from the CBD centre.
This blue-ribbon location is further enhanced by the opening of Anzac Railway Station.The property is being offered on a Lease-back basis., with a Demolition Clause allowing vacant possession.
A summary of salient features and key aspects of this opportunity include;
* Well located parcel of land comprising 1,080.03 sqm with 3 street frontages
* Commercial 1 Zone, providing high density development potential for BTS or BTR
* 70 metre / 20 plus level height limit
* Positioned opposite State significant / heritage listed landmarks including Royal
Botanic Gardens, Shrine of Remembrance, Government House all within Kings
Domain – a true 'postcard' location
* Situated only 1.5km from the CBD
* For sale with three year lease-back returning $220,000 pa with Demolition Clause
* Walking distance to Anzac Railway Station, Domain Village retail precinct, NGV and Arts Precinct, Albert Park Lake
* Strong demographic appeal for quality residential projects in this precinct
* Surrounded by premium residential developments, including The Muse, 409 St Kilda Rd; Four Three Seven, CBUS at 437 St Kilda Rd; Park Modern, Time & Place at 11 Dorcas St; The Carter, Orchard Piper at 448 St Kilda Rd.
For sale by Expression of Interest Closing 12 June 2025 @ 3pm
Remember to mention you found this property on DevelopmentReady
