648 South Road, Moorabbin, VIC 3189 | Property Value & History | OnTheHouse
 
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648 South Road
Moorabbin VIC 3189

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 21162m2
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Property Details for 648 South Rd, Moorabbin

Building Type
Commercial
Land Size
21162m2
Local Government
Kingston
Lot/Plan
1/PS409797

Last Listing description (July 2021)

Colliers International are pleased to offer to market the iconic former Melbournes Cheapest Cars Site at 648 South Road, Moorabbin.
Offered to market as an opportunity for multiple tenancy options or to be leased in one line, the site boasts exposure to massive traffic volumes as one of the last remaining and strategically positioned land holdings within the Baysides most dynamic commercial precincts now featuring premium business parks including Morris Moor and Parkview estate that have attracted a number of leading brands to the area.

The site appeals to a number of different industry uses, offering irreplaceable scale and exposure with the industrial 1 zone promoting a range of commercial, retail, or industrial uses that can capitalise on the trade sales/retail potential offered by the site.

Option One-
Building one provides unparalleled signage opportunities and immediate main road access to South Road. With a total building area of 2,239sqm*, building one offers flexible office and clear span warehousing suitable for a variety of users, whilst providing ample parking, amenities and a caf with existing fit outs, whilst located in the heart of the Moorabbin commercial precinct.
Land: 1Ha*
Build: 2,239sqm*

Option Two-
Building two lends itself to warehouse users requiring yard space for their operations.
The warehouse component is partnered with approximately 525sqm* of sheltered canopy cover, along with ample hardstand, allowing for unloading/loading capabilities throughout.
Land: 7,162sqm*
Build: 2,000sqm*

Option Three-
Building three consists of a large showroom component with office, suitable to a variety of commercial uses, supported by the underlying industrial 1 zoning. Industry types such as childcare, office and general showroom users will benefit from the immense main road traffic and exposure the property boasts.
Land: 4,000sqm*
Build: 1,277sqm*

We invite your interest in this outstanding opportunity.

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Property History for 648 South Rd, Moorabbin, VIC 3189

A timeline of how this property has performed in the market
Last Sold
$15,050,000
17 Dec 2018
Listed for Rent
$2/w
23 Jul 2021
  • 18 Sep 2019
    Listed for Rent - Price not available
  • 02 Jul 2019
    Listed for Rent - Price not available
  • 17 Dec 2018
    Sold for $15,050,000
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About Moorabbin 3189

The size of Moorabbin is approximately 4.6 square kilometres. It has 5 parks covering nearly 4.2% of total area. The population of Moorabbin in 2016 was 5895 people. By 2021 the population was 6287 showing a population growth of 6.6% in the area during that time. The predominant age group in Moorabbin is 30-39 years. Households in Moorabbin are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Moorabbin work in a professional occupation.In 2021, 68.00% of the homes in Moorabbin were owner-occupied compared with 68.80% in 2016.

Moorabbin has 5,618 properties. Over the last 5 years, Houses in Moorabbin have seen a 20.70% increase in median value, while Units have seen a 20.50% increase. As at 31 December 2025:

  • The median value for Houses in Moorabbin is $1,349,014 while the median value for Units is $801,930.
  • Houses have a median rent of $695 while Units have a median rent of $595.
There are currently 18 properties listed for sale, and 14 properties listed for rent in Moorabbin on OnTheHouse. According to Cotality's data, 252 properties were sold in the past 12 months in Moorabbin.

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