208/87 Gladstone Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

208/87 Gladstone Street
South Melbourne VIC 3205

Bedrooms: -
Bathrooms: -
Car spaces: 1
Land area: 2594m2
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Property Details for 208/87 Gladstone St, South Melbourne

Building Type
Commercial
Land Size
2594m2
Local Government
Port Phillip
Lot/Plan
208/PS607275

Last Listing description (July 2026)

RWC Oakleigh are pleased to present 208/15-87 Gladstone Street, South Melbourne, a modern and versatile office space available for lease in one of Melbourne's most sought-after commercial precincts. An outstanding opportunity for businesses looking to establish themselves in a well-connected and vibrant location.

Designed for businesses seeking a stylish and functional workspace, this office features polished concrete floors and split-system heating and cooling. The open-plan design offers flexibility, while the building's premium shared amenities-including end-of-trip facilities, a gym and an on-site caf-provide added convenience.

Ideally located just minutes from Melbourne's CBD, this property offers seamless access to Citylink, major arterial roads, and excellent public transport options, including the Light Rail and multiple tram routes. Situated in a thriving business hub, it provides all the benefits of a city-fringe location without the congestion of the CBD.

Total Lettable Area | 62m2*
One (1) secure on-site undercover parking space
Ample natural light
Modern Kitchenette (no sink)
Security system and electric locking door
Communal amenities

For further information or to arrange a suitable time to inspect, please contact one of the Exclusive Marketing agents below:

Ryan Amler | 0401 971 622
Jonathan On | 0479 003 122

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

Property History for 208/87 Gladstone St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$385,000
08 May 2023
Listed for Rent
$287/w
13 May 2026
  • 31 Aug 2025
    Listed for Rent $18,000 / year
  • 16 Mar 2025
    Listed for Rent - Price not available
  • 08 May 2023
    Sold for $385,000
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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 12,939 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.
There are currently 28 properties listed for sale, and 54 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 486 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.