145 Wells Street, South Melbourne, Vic 3205

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.