Lemon Baxter is pleased to offer 184 & 186 Kings Way, South Melbourne—an exceptional dual property suited for investment, owner-occupancy, or future development (STCA). This opportunity allows you to acquire two adjoining premises in one of South Melbourne’s key arterial locations, providing direct access to major Melbourne precincts. Key Features + Land Area: 227m² across two adjoining titles + Current Lease: Both premises leased to a single tenant on month-to-month terms, providing maximum flexibility for redevelopment, owner-occupancy, or renegotiation + Rental Income: $5,286.36 per month + GST ($63,436.32 annually + GST) + Zoning: Mixed Use Zone (MUZ) The property is perfectly positioned on Kings Way, located amidst South Melbourne’s vibrant retail and dining hubs, with convenient public transport access. | Melbourne CBD – less than 2.5km away | St Kilda and Port Melbourne suburbs | West Gate Freeway and CityLink This prime South Melbourne location sits within a growing business district, offering rental income while adding significant potential for future development or reconfiguration. The property’s month-to-month lease provides flexibility for repositioning, owner-occupancy, or securing longer-term tenancies. With the advantages of Mixed Use Zoning, it opens doors to commercial or mixed-use redevelopment, positioning it as a valuable long-term asset. Kings Way’s prominence guarantees strong exposure and accessibility, making this dual-site property a cornerstone opportunity for savvy investors looking to capitalise on South Melbourne’s sustained growth and strategic importance. For further details or to arrange an inspection, contact us today. Bill Makris - 0430 869 579 Paul O'Sullivan - 0412 410 366
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