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By Sophie Klein | 8 July 2025

Landmark South Melbourne Freehold With Triple Street Frontage Hits The Market

A versatile five-level office building in the heart of South Melbourne has just been offered to the market with a price guide of $10 million+*. The listing represents a rare opportunity to secure a high-profile freehold in one of Melbourne’s most tightly held city-fringe precincts.Located at 29-33 Palmerston Crescent, South Melbourne, the building is on a prominent corner site with three street frontages. It boasts excellent natural light and outstanding accessibility features, presenting an attractive footprint for investors and occupiers.The property is situated on a Commercial 1 Zoned (C1Z) landholding, allowing purchasers to advance repositioning opportunities. This unlocks flexibility for future potential uses, including office, residential, hotel, education, or mixed-use development, subject to council approval.Positioned within a highly sought-after and prestigious pocket of South Melbourne, the asset is surrounded by national consulates, leading schools, and some of Melbourne’s most significant office and residential developments.The site’s connectivity and long-term investment appeal will be further elevated by the imminent opening of the Anzac Train Station at Domain Interchange.The International Expressions of Interest campaign is being managed by Cushman & Wakefield’s Anthony Kirwan, Geroge Davies & Raphael Favas and is due to close on Thursday 7 August 2025 at 12.00pm.Cushman & Wakefield Director, Anthony Kirwan said the combination of location, value-add potential and scale is expected to attract attention from a range of local and offshore buyer groups.“29–33 Palmerston Crescent offers an incredibly rare opportunity to secure a significant asset in one of Melbourne’s most dynamic and well-connected precincts,” Mr Kirwan said.“The property’s flexible zoning, triple street frontage, and surrounding amenity make it a versatile site. That means we expect a diverse set of inquiries from family offices and value-added investors, hotel or student accommodation providers, through to commercial organisations in multiple sectors.”*ApproxPrevious ArticleNext Article

A versatile five-level office building in the heart of South Melbourne has just been offered to the market with a price guide of $10 million+*. The listing represents a rare opportunity to secure a high-profile freehold in one of Melbourne’s most tightly held city-fringe precincts.Located at 29-33 Palmerston Crescent, South Melbourne, the building is on a prominent corner site with three street frontages. It boasts excellent natural light and outstanding accessibility features, presenting an attractive footprint for investors and occupiers.The property is situated on a Commercial 1 Zoned (C1Z) landholding, allowing purchasers to advance repositioning opportunities. This unlocks flexibility for future potential uses, including office, residential, hotel, education, or mixed-use development, subject to council approval.Positioned within a highly sought-after and prestigious pocket of South Melbourne, the asset is surrounded by national consulates, leading schools, and some of Melbourne’s most significant office and residential developments.The site’s connectivity and long-term investment appeal will be further elevated by the imminent opening of the Anzac Train Station at Domain Interchange.The International Expressions of Interest campaign is being managed by Cushman & Wakefield’s Anthony Kirwan, Geroge Davies & Raphael Favas and is due to close on Thursday 7 August 2025 at 12.00pm.Cushman & Wakefield Director, Anthony Kirwan said the combination of location, value-add potential and scale is expected to attract attention from a range of local and offshore buyer groups.“29–33 Palmerston Crescent offers an incredibly rare opportunity to secure a significant asset in one of Melbourne’s most dynamic and well-connected precincts,” Mr Kirwan said.“The property’s flexible zoning, triple street frontage, and surrounding amenity make it a versatile site. That means we expect a diverse set of inquiries from family offices and value-added investors, hotel or student accommodation providers, through to commercial organisations in multiple sectors.”*ApproxPrevious ArticleNext Article

Located at 29-33 Palmerston Crescent, South Melbourne, the building is on a prominent corner site with three street frontages. It boasts excellent natural light and outstanding accessibility features, presenting an attractive footprint for investors and occupiers.The property is situated on a Commercial 1 Zoned (C1Z) landholding, allowing purchasers to advance repositioning opportunities. This unlocks flexibility for future potential uses, including office, residential, hotel, education, or mixed-use development, subject to council approval.Positioned within a highly sought-after and prestigious pocket of South Melbourne, the asset is surrounded by national consulates, leading schools, and some of Melbourne’s most significant office and residential developments.The site’s connectivity and long-term investment appeal will be further elevated by the imminent opening of the Anzac Train Station at Domain Interchange.The International Expressions of Interest campaign is being managed by Cushman & Wakefield’s Anthony Kirwan, Geroge Davies & Raphael Favas and is due to close on Thursday 7 August 2025 at 12.00pm.Cushman & Wakefield Director, Anthony Kirwan said the combination of location, value-add potential and scale is expected to attract attention from a range of local and offshore buyer groups.“29–33 Palmerston Crescent offers an incredibly rare opportunity to secure a significant asset in one of Melbourne’s most dynamic and well-connected precincts,” Mr Kirwan said.“The property’s flexible zoning, triple street frontage, and surrounding amenity make it a versatile site. That means we expect a diverse set of inquiries from family offices and value-added investors, hotel or student accommodation providers, through to commercial organisations in multiple sectors.”*ApproxPrevious ArticleNext Article

The property is situated on a Commercial 1 Zoned (C1Z) landholding, allowing purchasers to advance repositioning opportunities. This unlocks flexibility for future potential uses, including office, residential, hotel, education, or mixed-use development, subject to council approval.Positioned within a highly sought-after and prestigious pocket of South Melbourne, the asset is surrounded by national consulates, leading schools, and some of Melbourne’s most significant office and residential developments.The site’s connectivity and long-term investment appeal will be further elevated by the imminent opening of the Anzac Train Station at Domain Interchange.The International Expressions of Interest campaign is being managed by Cushman & Wakefield’s Anthony Kirwan, Geroge Davies & Raphael Favas and is due to close on Thursday 7 August 2025 at 12.00pm.Cushman & Wakefield Director, Anthony Kirwan said the combination of location, value-add potential and scale is expected to attract attention from a range of local and offshore buyer groups.“29–33 Palmerston Crescent offers an incredibly rare opportunity to secure a significant asset in one of Melbourne’s most dynamic and well-connected precincts,” Mr Kirwan said.“The property’s flexible zoning, triple street frontage, and surrounding amenity make it a versatile site. That means we expect a diverse set of inquiries from family offices and value-added investors, hotel or student accommodation providers, through to commercial organisations in multiple sectors.”*ApproxPrevious ArticleNext Article

Positioned within a highly sought-after and prestigious pocket of South Melbourne, the asset is surrounded by national consulates, leading schools, and some of Melbourne’s most significant office and residential developments.The site’s connectivity and long-term investment appeal will be further elevated by the imminent opening of the Anzac Train Station at Domain Interchange.The International Expressions of Interest campaign is being managed by Cushman & Wakefield’s Anthony Kirwan, Geroge Davies & Raphael Favas and is due to close on Thursday 7 August 2025 at 12.00pm.Cushman & Wakefield Director, Anthony Kirwan said the combination of location, value-add potential and scale is expected to attract attention from a range of local and offshore buyer groups.“29–33 Palmerston Crescent offers an incredibly rare opportunity to secure a significant asset in one of Melbourne’s most dynamic and well-connected precincts,” Mr Kirwan said.“The property’s flexible zoning, triple street frontage, and surrounding amenity make it a versatile site. That means we expect a diverse set of inquiries from family offices and value-added investors, hotel or student accommodation providers, through to commercial organisations in multiple sectors.”*ApproxPrevious ArticleNext Article

The site’s connectivity and long-term investment appeal will be further elevated by the imminent opening of the Anzac Train Station at Domain Interchange.The International Expressions of Interest campaign is being managed by Cushman & Wakefield’s Anthony Kirwan, Geroge Davies & Raphael Favas and is due to close on Thursday 7 August 2025 at 12.00pm.Cushman & Wakefield Director, Anthony Kirwan said the combination of location, value-add potential and scale is expected to attract attention from a range of local and offshore buyer groups.“29–33 Palmerston Crescent offers an incredibly rare opportunity to secure a significant asset in one of Melbourne’s most dynamic and well-connected precincts,” Mr Kirwan said.“The property’s flexible zoning, triple street frontage, and surrounding amenity make it a versatile site. That means we expect a diverse set of inquiries from family offices and value-added investors, hotel or student accommodation providers, through to commercial organisations in multiple sectors.”*ApproxPrevious ArticleNext Article

The International Expressions of Interest campaign is being managed by Cushman & Wakefield’s Anthony Kirwan, Geroge Davies & Raphael Favas and is due to close on Thursday 7 August 2025 at 12.00pm.Cushman & Wakefield Director, Anthony Kirwan said the combination of location, value-add potential and scale is expected to attract attention from a range of local and offshore buyer groups.“29–33 Palmerston Crescent offers an incredibly rare opportunity to secure a significant asset in one of Melbourne’s most dynamic and well-connected precincts,” Mr Kirwan said.“The property’s flexible zoning, triple street frontage, and surrounding amenity make it a versatile site. That means we expect a diverse set of inquiries from family offices and value-added investors, hotel or student accommodation providers, through to commercial organisations in multiple sectors.”*ApproxPrevious ArticleNext Article

Cushman & Wakefield Director, Anthony Kirwan said the combination of location, value-add potential and scale is expected to attract attention from a range of local and offshore buyer groups.“29–33 Palmerston Crescent offers an incredibly rare opportunity to secure a significant asset in one of Melbourne’s most dynamic and well-connected precincts,” Mr Kirwan said.“The property’s flexible zoning, triple street frontage, and surrounding amenity make it a versatile site. That means we expect a diverse set of inquiries from family offices and value-added investors, hotel or student accommodation providers, through to commercial organisations in multiple sectors.”*ApproxPrevious ArticleNext Article

“29–33 Palmerston Crescent offers an incredibly rare opportunity to secure a significant asset in one of Melbourne’s most dynamic and well-connected precincts,” Mr Kirwan said.“The property’s flexible zoning, triple street frontage, and surrounding amenity make it a versatile site. That means we expect a diverse set of inquiries from family offices and value-added investors, hotel or student accommodation providers, through to commercial organisations in multiple sectors.”*ApproxPrevious ArticleNext Article

“The property’s flexible zoning, triple street frontage, and surrounding amenity make it a versatile site. That means we expect a diverse set of inquiries from family offices and value-added investors, hotel or student accommodation providers, through to commercial organisations in multiple sectors.”*ApproxPrevious ArticleNext Article

*ApproxPrevious ArticleNext Article


Sophie Klein

About the Author: Sophie Klein

Sophie studies hybrid workplace adoption, creative CBD hubs, and how Gen Z influences office space demand. She's a part-time DJ and believes flexible space is the future of productivity.