Amongst this rapidly evolving precinct in the highly sort after South Melbourne area is this perfectly located property providing an exceptional opportunity to acquire a strategic site primed for redevelopment within close proximity to the Melbourne CBD and the city's most famous landmarks and attractions. 518 City Road South Melbourne is situated in the heart of the Montague Urban Village and is part of the Fishermans Bend Precinct, an area on the fringe of Melbourne's CBD that has been identified for Australia's largest ever urban renewal. Features include: • Land Area: 134 sqm • Building Area: 70 sqm approx. • Capital City Zone 1 (CCZ1) • Premium City Fringe Location Offering Significant Development Upside (STCA) • Sought after Montague Commercial Redevelopment Precinct • Dual Street Access • Great Street Exposure • Well Located with Close Proximity to Retail Amenity, Parklands, Public Transport & Major Road Arterials • Versatile Development Including Retail, Office, Medical, Showroom & Apartments This property is within walking distance to South Melbourne Market, Southbank, Melbourne's CBD, South Wharf and Port Melbourne Beach and surrounded by a wide selection of Clarendon Street cafes, shops and restaurants, Albert Park Lake, Melbourne Sports and Aquatic Centre. Also, down the road is the new Albert Park College, South Melbourne Park Primary School, Albert Park Primary School & South Melbourne Primary School. Providing excellent transport links the precinct is bound by the West Gate Freeway, City Road, Montague Street, Fisherman's Bend and the 109 Tram service to Port Melbourne. Located within the Capital City 1 Zoning, this property falls within an exciting framework, offering the potential for mixed use development (STCA). The Fisherman's Bend precinct plan aims to refresh the inner-city suburb into a sustainable mixed use area. For further information please contact Hudson Bond Commercial.