162-174 Coventry Street, South Melbourne, VIC 3205

Showrooms | Retail | Offices

Sold

  • Property ID: 447426
  • Floor Area: 494m²
  • Land Area: 763m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 26/09/2024 494m2 763m2 Contact Agent
Kings Way Corner – 30,000,000* Cars Passing Per Year with Excellent Business Signage Ability + Development Upside

Stonebridge Property Group, in conjunction with Premier Commercial, are pleased to present for sale Corner Kings Way and Coventry Street, 162-174 Coventry Street, South Melbourne – a high-profile Melbourne corner surrounded with all the benefits of national juggernauts and Tier 1 development projects.

The key highlights of the opportunity include:

- 763 sqm* mixed-use zoned landholding with three street frontages and direct frontage to Kings Way - one of Melbourne's major thoroughfares connecting to the CBD

- Ideal location for businesses that require high exposure to traffic, including drive-through fast food, fuel and showroom/large format retailers, noting the property is offered vacant possession

- Located on Kings Way which boasts traffic flows of 30,000,000* cars annually via 8 lanes

- Occupied for over 30 years by the national retailer – now vacant

- Favourable mixed-use zoning with potential for a 10-level development and multiple street frontages provides scope for a future iconic residential, office or retail projects (STCA)

- Two highly versatile buildings of 494 sqm* with Kings Way, Coventry Street and laneway access & frontage

- Quality existing warehouse-style buildings with ability to reposition as office, showroom, retail or maintain spaces

- Positioned in the epicentre of a globally recognised suburb with unrivalled connectivity to the Melbourne CBD (1 km*), the iconic South Melbourne Market (670 m*) and to the world-renowned Crown Casino (850 m*)

- A rare opportunity to secure a freehold corner with untapped future potential

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group and Premier Commercial.

Stonebridge Property Group:

Dylan Kilner
0459 396 341

Rorey James
0439 400 081

Chao Zhang ??
0411 625 068

Premier Commercial:

Jason Perry
0412 560 510

* Approximately

Property Code: 1039

South Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $6076 $526 8.66%
Retail $10124 $255 2.52%
Industrial $6988 $269 3.85%
This is the average advertised price, rent and yield for South Melbourne, VIC 3205*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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