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Location
Located 1.5 kilometres south of the Melbourne CBD, this landmark building features prominent frontage to Kingsway, a major arterial road. The property borders the bustling St Kilda Road and South Melbourne neighbourhood precincts and is within walking distance of comprehensive local amenities, parks, trams and the Anzac Metro Station (opening in 2025). Access to the M1 Citylink Freeway is approximately 500 metres away.
Description
The property offers four levels of parking and six levels of office accommodation with sweeping bay and city views. Large 3,000 sqm plus floorplates set around a light-filled atrium offer flexibility to accommodate a range of tenancy sizes. The building has full generator back-up power, a recently installed rooftop solar PV array and end-of-trip facilities.
Amenities
End of trip
Parking
Nearby transport
Sustainability ratings
4.0
NABERS Energy rating
3.0
NABERS Water rating
Asset summary
as at 31 December 2024
Title
Freehold
Site area
9,632 sqm
Lettable area
28,220 sqm
Occupancy
87 %
WALE (by income)
4.1 years
Major tenant
ANZ Banking Group
Valuation summary
Book value
$ 230.0 m
Valuation date
31-Dec-24
Cap rate
6.50 %
Discount rate
7.25 %
Location
Located 1.5 kilometres south of the Melbourne CBD, this landmark building features prominent frontage to Kingsway, a major arterial road. The property borders the bustling St Kilda Road and South Melbourne neighbourhood precincts and is within walking distance of comprehensive local amenities, parks, trams and the Anzac Metro Station (opening in 2025). Access to the M1 Citylink Freeway is approximately 500 metres away.
Description
The property offers four levels of parking and six levels of office accommodation with sweeping bay and city views. Large 3,000 sqm plus floorplates set around a light-filled atrium offer flexibility to accommodate a range of tenancy sizes. The building has full generator back-up power, a recently installed rooftop solar PV array and end-of-trip facilities.