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13-21 Palmerston Cres 0.43 Acres of Commercial Land in South Melbourne, VIC 3205
Investment Highlights
- Land area of approx. 1,728 sqm, zoned Commercial 1 (C1Z).
- Positioned less than 100 m from Anzac Station, part of Melbourne Metro Tunnel, providing enhanced CBD and airport connectivity upon completion.
- Located approx. 1.75 km from Melbourne CBD near major attractions such as the Royal Botanic Gardens, Albert Park, and key entertainment precincts.
- Current permit for 196 apartments (approx. 11,216 sqm NSA), plus revised scheme concept for 258 apartments (approx. 14,232 sqm NSA).
- Elevated site allowing potential bay, city and garden view lines in future development outcomes.
Executive Summary
The site holds approved planning permission for a project of 196 apartments (approx. 11,216 sqm NSA) and also benefits from a revised concept scheme for 258 apartments (approx. 14,232 sqm NSA), creating scope for alternative configurations subject to statutory approvals. Its elevated setting enables potential views across the city skyline, Royal Botanic Gardens, and Port Phillip Bay, reinforcing the long-term appeal of any completed development.
Located within 100 metres of Anzac Station (Metro Tunnel) via an approved laneway, the property is positioned to leverage superior public transport connectivity once operational, alongside close proximity to major parklands, cultural attractions, and employment nodes. The surrounding environment includes high-density residential, institutional uses, and established amenity, making this a high-profile parcel in one of Melbourne’s most tightly held residential growth precincts.
Property Facts
| Sale Type | Investment | Property Type | Land |
| Sale Condition | Redevelopment Project | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.43 AC |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.43 AC |
1 Lot Available
Lot
| Lot Size | 0.43 AC |
| Lot Size | 0.43 AC |
1,728 sqm Commercial 1 Zoned land in South Melbourne’s Domain Precinct with current permit for 196 apartments and concept for 258. Located less than 100m from Anzac Station and 1.75 km from Melbourne CBD offering outstanding connectivity and amenity.
Description
The property at 13-21 Palmerston Crescent consists of a landholding of approximately 1,728 square metres, situated within Melbourne’s established inner-south location of South Melbourne. The parcel is zoned Commercial 1 (C1Z), supporting a range of potential mixed-use or residential-focused outcomes under applicable planning provisions.
Presented by
LAWD
13-21 Palmerston Cres
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