Local Express, 1R/328-344 Kings Way,
South Melbourne, VIC 3205

Shops & Retail • Showrooms & Large Format Retail • Offices

Key property information

Floor area

Property extent

Tenure type

Sold on

Map of Local Express, 1R/328-344 Kings Way

Directions

Proven Inner City Supermarket Plus Liquor

Renewed 5 Year Lease to 2023 + Options
Fixed 3.5% Annual Rent Increases
Important 10 metre retail frontage

Renewed 5 year lease to 2023 plus options to 2038
Important 10 metre retail frontage
Impressive 143 sqm premises with access to 2 secure car parks
Local Express: inner-city supermarket with liquor plus dry cleaning service
Kings Way: one of Melbourne’s most important thoroughfares connecting bayside and eastern Melbourne to the CBD with an estimated 95,000+ vehicles passing daily
A short distance from the future Anzac Railway Station (2025)
Position perfect on ground floor of the Silverleaf (155 units)
Neighbouring 5-level Palmerston development – under construction
South Melbourne: Tightly held suburb containing up market housing, high density living and all commercial uses with 1,800 apartments and 90,000 sqm of new office space in the pipeline
Rent: $88,352 pa

Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne

South Melbourne, 3205 demographic data

The median household income for South Melbourne is $2,101, 11% higher than Greater Melbourne's household income of $1,901. South Melbourne has an older age profile compared to the rest of Greater Melbourne (median age 39 vs 37). Property ownership data shows 53% of property owners in South Melbourne have a mortgage.

11,548

Population

$2,101 per week

Median household income

39 years

Median age

Renters

Most residents

Families

Most households