Acting under instructions from the Receivers and Managers Alvarez & Marsal. Cushman & Wakefield and Stonebridge Property Group are pleased to present for sale 118 City Road, Southbank.

Key details are highlighted below

- 6,191sqm* corner development site.

- Permit approved for a dual tower scheme with 158 City Road. A planning summary from Urbis is available, providing a pathway to amend the permit solely for the Property.

- Combined 198m* frontage to City Road (121m*), Southbank Boulevard (37m*) and Waterfall Lane 40m*).

- Positioned at the epicentre of Southbank’s established mixeduse riverside precinct with an exceptional concentration of amenity in immediate proximity.

- Located a short walk from a range of lifestyle amenities including Crown Entertainment Complex (250m*), Southbank Promenade (400m*), the Royal Botanic Gardens (750m*) and South Melbourne Market (1.3km*). 

- Walking distance to a range of retail amenities including luxury retail at Crown Entertainment Complex (250m*) and DFO South Wharf (1.5km*). 

- Highly accessible location being a short walk from Flinders Street Station (650m*) with trams located on Queens Bridge Street (500m*) and Sturt Street (400m*). 

- Strong population growth outlook, with Southbank forecast to accommodate an additional 18,000 residents between 2023 and 2043 (City of Melbourne, 2023), reinforcing sustained demand for high-density residential development. 

- Located in high-demand Southbank with a median unit price of $545,000^, and a median rent price of $700^ per week. 

118 City Road, Southbank is for sale via International Expressions of Interest closing Thursday 19th November 2026 at 2PM (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group and Cushman & Wakefield.

Cushman & Wakefield

Daniel Wolman | +61 412 957 839

Oliver Hay | +61 419 528 540

Leon Ma 马海翔 | +61 417 070 725 | WeChat: leon253856

*Approx.