267-271 King Street, Melbourne

EXCEPTIONAL LAND BANKING OPPORTUNITY WITH STRONG INCOME STREAM, PRIME POSITIONING AND FUTURE FLEXIBILITY!

Jones Real Estate is proud to present 267-271 King Street, Melbourne, For Sale via Public On-Site Auction on Wednesday 24th September 2025 at 12:30pm (AEDT).

This freestanding retail investment presents a rare opportunity to acquire a high-profile CBD freehold in one of Melbourne’s most densely populated and rapidly evolving precincts. Benefiting from secure income and a flexible Capital City 1 Zone (CCZ1), the property offers strong holding income today with exceptional land banking and future development potential (STCA).

Positioned along the bustling King Street corridor, the asset enjoys unparalleled exposure and connectivity, surrounded by Melbourne’s premier retail, residential, commercial and lifestyle destinations including Southern Cross Station, Marvel Stadium, Flagstaff Gardens and Queen Victoria Market.

Key highlights include:

– Securely leased investment, estimated to return a net passing income of $213,351 per annum + GST & Outgoings as of 1 January 2026, underpinned by a 5.30 year WALE by area**.

– Freestanding retail freehold comprising 344sqm* of net lettable area across a 212.5sqm* landholding, with 11.4m* of prominent frontage to King Street and valuable rear access via Alston Lane.

– A rare land banking opportunity with secure income today and significant long-term capital growth potential in Melbourne’s most dynamic CBD corridor.

– Strategically positioned in the most densely populated precinct of Melbourne’s CBD, surrounded by high-rise residential towers, premium office buildings, and thriving retail and hospitality operators.

– Surrounded by landmark amenity including Southern Cross Station (400m*), Flagstaff Gardens (350m*), Queen Victoria Market (500m*) and Marvel Stadium (700m*).

– Supported by Melbourne’s thriving hospitality and entertainment scene with King Street renowned for its nightlife, dining and 24/7 activity.

– Zoned Capital City Zone – Schedule 1 (CCZ1), providing maximum flexibility for future redevelopment (STCA).

*Approx.
**Subject to finalisation of renewal with Blah Blah Blah Tattoo Pty Ltd.

For further information or to arrange an inspection, please contact the exclusive selling agents at Jones Real Estate.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.