184 & 186 Kings Way, South Melbourne, Vic 3205

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