506/566 St Kilda Road, Melbourne, VIC 3004 sold on 26 August 2025 | OnTheHouse
 
SOLD
Sold on 26 Aug 2025 for $231,000

506/566 St Kilda Road
Melbourne VIC 3004

Bedrooms: -
Bathrooms: -
Car spaces: 2
Land area: 2326m2
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Property Details for 506/566 St Kilda Rd, Melbourne

Building Type
Commercial
Year Built
1980
Land Size
2326m2
Local Government
Port Phillip
Lot/Plan
506/PS402478

Last Listing description (October 2025)

This is an excellent option for anyone looking for secure long term investment with a solid tenant in place. Recently leased on a 2x2x2 year term. With plenty of natural light flowing through from the outdoor space you won't be disappointed. Fresh air on the outdoor balcony for celebrations and company successes after work finishes. Located in a sought after building "The Jewel" it is close to everything you need. The balcony and two car spaces is that extra touch that makes it an easy option. Plenty of transport links at your doorstep, easy access to the CDB, Dining, Shopping and a perfect location for any business to thrive.

Features Include:

- Office 56m2

- Balcony 14.5m2
- Two car parks (one on title)
- Secure gross lease at $20,000 + GST
- NBN Ready
- Heating and cooling
- Cafe
- 24-hour access
- Common amenities

Enquire today!

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Property History for 506/566 St Kilda Rd, Melbourne, VIC 3004

A timeline of how this property has performed in the market
Last Sold
$231,000
26 Aug 2025
Listed for Rent
$192/w
28 Jul 2025
  • 26 Aug 2025
    Sold for $231,000
  • 23 Apr 2025
    Listed for Rent $10,000 / year
  • 25 Nov 2024
    Listed for Sale $190,000 to $200,000
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About Melbourne 3004

The size of Melbourne is approximately 3.8 square kilometres. There are 14 parks, covering nearly 74.2% of the total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 13,694 properties. Over the last 5 years, Houses in Melbourne have seen a 55.43% increase in median value, while Units have seen a -3.58% decrease. As at 30 April 2026:

  • The median value for Houses in Melbourne is $2,238,081 while the median value for Units is $645,498.
  • Houses have a median rent of $720 while Units have a median rent of $650.
There are currently 76 properties listed for sale, and 58 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 689 properties were sold in the past 12 months in Melbourne.

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