226-228 Coventry Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

226-228 Coventry Street
South Melbourne VIC 3205

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 462m2
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Property Details for 226-228 Coventry St, South Melbourne

Building Type
Commercial
Land Size
462m2
Local Government
Port Phillip
Lot/Plan
1/TP948204

Last Listing description (October 2023)

An unparalleled leasing opportunity awaits entrepreneurs and culinary visionaries at the iconic and ornate twin terraces of 226-228 Coventry Street in South Melbourne. Formerly the acclaimed Lume Restaurant, this meticulously designed and fully equipped space is a testament to fine dining excellence. Boasting an array of features that include a state-of-the-art, fully equipped kitchen, an impressive 10-metre marble-topped bar/servery, and expansive walk-in refrigeration facilities, the stage is set for your gastronomic ambitions to come to life seamlessly. The pice de rsistance of this remarkable space is the enchanting atrium setting, where natural light cascades through, creating an inviting ambiance for unforgettable dining experiences. With every detail meticulously addressed, from the grandeur of the marble finishes to the functionality of the workspace, this is a golden opportunity for a culinary entrepreneur to take the reins and create their own legacy within the walls of a location that once garnered accolades.

Elevate your culinary aspirations by stepping into a fully realized dream, where the foundation is laid, and the possibilities are endless. The legacy of excellence at 224-226 Coventry Street beckons for a new chapter to be written, offering a turnkey setup that saves you both time and effort. Don't miss the chance to claim this stunning space, where the allure of the past converges with the promise of a dynamic future. Seize the moment and make your mark in South Melbourne's thriving gastronomic scene where every dish, every moment, and every memory will resonate within these beautifully crafted walls.

Key Points

Building Area of 458 m2
Fully Licenced premises
Quality equipped Kitchen
Multiple walk-in cool rooms
Temperature controlled wine room
Stunning atrium dining space
Offsite Parking for 3 or 4 vehicles
Footpath Trading
100 plus internal seating capacity
Unparalleled location

Everything is in place for the next chapter in the fantastically presented and ready to walk in premises

Property History for 226-228 Coventry St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Listed for Rent
$160k/w
06 Oct 2023
  • 06 Oct 2023
    Listed for Rent - Price not available
  • 14 Dec 2012
    Listed for Sale PRICE ON APPLICATION
  • 02 Feb 2010
    Listed for Rent - Price not available
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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 52 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 490 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.