129-131 Market StreetSouth Melbourne VIC 3205
Property Details for 129-131 Market St, South Melbourne
Last Listing description (June 2021)
Savills and M.G.O'Halloran are delighted to offer For Sale by Auction this fantastic corner investment, with significant future development upside.
Key attributes of this property are:
- Prime corner land holding of 493sq m*
- Quality existing building of 450sq m*
- Three street frontages totalling 51 metres*
- Commercial 2 Zone
- 5 year lease in place to national tenant Pedders (expiring December 2018 no options)
- Current Net Rental: $68,640p.a. + O/G's + GST
- Fixed 4% rental increases
- Magnificent location between City Road and Cecil Street, surrounded by South Melbourne's best amenity including South Melbourne Market and bustling Clarendon Street
- A fantastic opportunity, providing a full range of investment, owner-occupation and redevelopment opportunities
- An ideally located corner landholding with significant redevelopment potential!
129-131 Market Street, South Melbourne is For Sale by Public Auction on Friday 10 July at 12 noon on-site.
For further information, please contact:
Savills:
Benson Zhou - 0458 488 888
Julian Heatherich - 0412 995 655
M.G.O'Halloran:
Martin O'Halloran - 0417 545 344
Property History for 129-131 Market St, South Melbourne, VIC 3205
- 16 Jul 2020Listed for Rent $75,000 / year
- 18 Nov 2016Listed for Sale Not Disclosed
- 12 Oct 2015Listed for Sale Not Disclosed
Recent sales nearby
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About South Melbourne 3205
The size of South Melbourne is approximately 2.2 square kilometres. There are 15 parks, covering nearly 3.3% of the total area. The population of South Melbourne in 2016 was 10920 people. By 2021 the population was 11548 showing a population growth of 5.8% in the area during that time. The predominant age group in South Melbourne is 30-39 years. Households in South Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in South Melbourne work in a professional occupation.In 2021, 42.40% of the homes in South Melbourne were owner-occupied compared with 40.20% in 2016.
South Melbourne has 12,642 properties. Over the last 5 years, Houses in South Melbourne have seen a -4.88% decrease in median value, while Units have seen a -0.82% decrease. As at 31 July 2026:
- The median value for Houses in South Melbourne is $1,699,133 while the median value for Units is $613,169.
- Houses have a median rent of $850 while Units have a median rent of $675.
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