2-14 Thistlethwaite StreetSouth Melbourne VIC 3205
Property Details for 2-14 Thistlethwaite St, South Melbourne
Last Listing description (October 2019)
2-14 Thistlethwaite Street has a diverse appeal given its suitability for developers, owner-occupiers and investors, thanks to its outstanding development potential but also attractive existing improvements.
Features of the opportunity are:
- Site Area: 909 sqm*
- 20m* Frontage to Thistlethwaite St & Buckhurst Lane
- Short term income until mid 2020
- Current improvements are a two level Character Style office building with neighbouring land for 10-15 carspaces.
The Vendor has lodged plans for a development over 14 levels, taking advantage of the rare high density development potential with Capital City 1 Zoning (STCA). A link to the lodged plans are available upon request and prepared by Ammache Architects.
Alternatively Owner Occupies or Investors can purchase the property with a view to utilising the existing character building when the current leases expire in mid 2020. The buildings boutique and funky style, with ample car spaces is extremely difficult to come by in this location.
Ideally located in one of the most desired developing pockets of the CBD Fringe, the property is 200m from the new state of the art Vertical South Melbourne Primary School in Ferrars Street and 200m from Kirrip Park. Two light tram rails and the popular South Melbourne Market are also within a 4-6 minute walk from the property.
The Montague Precinct of Fishermans Bend will soon become one of the most vibrant CBD fringe locations.
The Property is offered for Sale by Expression of Interest closing 1st August at 3pm
For more information, including the Information Memorandum, Contract of Sale and Lodged development plans, please contact the below agents.
Property History for 2-14 Thistlethwaite St, South Melbourne, VIC 3205
- 07 Jul 2021Sold for $10,750,000
- 09 Jul 2019Listed for Sale Not Disclosed
- 23 May 2019Listed for Rent - Price not available
Recent sales nearby
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0About South Melbourne 3205
The size of South Melbourne is approximately 2.2 square kilometres. It has 15 parks covering nearly 3.3% of 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 12,878 properties. Over the last 5 years, Houses in South Melbourne have seen a 10.10% increase in median value, while Units have seen a 5.96% increase. As at 31 January 2026:
- The median value for Houses in South Melbourne is $1,777,710 while the median value for Units is $634,357.
- Houses have a median rent of $725 while Units have a median rent of $650.
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