1506/8 Kavanagh Street, Southbank VIC 3006

Corner apartment, never tenanted, EV charger, flood overlay | Premium Triptych tower, expansive Botanic Gardens views | 135m² with study nook and enlarged living | Suits discerning owner-occupier seeking long-term lifestyle hold This apartment’s primary buying case rests on its rare configuration: a genuine corner position on level 15 with uninterrupted views over the Royal Botanic Gardens, combined with a full 135 square metres of internal space. The never-tenanted condition, Miele kitchen, integrated study nook, and enlarged entertaining area from the former winter garden all point to a property that was finished and held as a primary residence. For a buyer who values light, outlook, and separation from standard apartment floorplans, this offers a competitive edge over newer but tighter stock in the same precinct. It best suits an owner-occupier who intends to stay for five years or more and can absorb the premium over automated valuations. The flood overlay is the specific risk here, and it should be investigated through the Section 32, strata minutes, and an insurance quote before any offer is made. While the building’s elevated position on level 15 means no direct flooding risk to the unit itself, the overlay can affect lender appetite, insurance premiums, and resale buyer pools. The opportunity lies in the gap between automated valuations and the asking guide: if comparable sales for corner, large-format apartments in Triptych support the higher range, a buyer who does their diligence on the flood issue may secure a property that holds its premium position over time.