229-231 Moray StreetSouth Melbourne VIC 3205
Property Details for 229-231 Moray St, South Melbourne
Last Listing description (October 2023)
Stonebridge Property Group is pleased to present for sale 229-231 Moray Street, South Melbourne.
A prime city fringe freehold office building that represents the ultimate opportunity for an owner occupier to own vs lease or an astute investor to add to their portfolio.
Key highlights of the opportunity include:
- Two level 390 sqm* building with rear 5 car garage and commercial 2 zoning providing scope for a variety of uses
- Fully refurbished building with all necessary amenities including DDA compliant bathrooms, end of trip facilities Security System, fingerprint door access, Cat 6 data cabling and heating/cooling throughout and natural light on 2 sides
- Office space ideal for the owner occupation of businesses including graphic designers, marketing agencies, architects, builders, developers, sound studios, family offices, engineers, film, sound studios, fashion agencies and more
- Commanding 190 sqm* landholding with 8.2m frontage to both Moray Street and Emerald Way
- Zoning allows for a height limit on the site of 6 levels creating the opportunity for future development upside or longer term exit strategy
- Rare opportunity to secure a freehold office building in Melbourne most in demand city fringe suburb South Melbourne
To obtain further information, please contact the exclusive selling agents, Stonebridge Property Group.
Dylan Kilner
0459 396 341
Max Warren
0488 296 892
Shawn Luo
0412 338 918
*Approximately
Property Code: 677
Property History for 229-231 Moray St, South Melbourne, VIC 3205
- 14 Jun 2024Sold for $2,650,000
- 25 May 2023Listed for Sale Asking Price: $2,999,999
- 06 Feb 2019Sold for $2,673,000
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0About 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 12,921 properties. Over the last 5 years, Houses in South Melbourne have seen a -2.61% decrease in median value, while Units have seen a 1.68% increase. As at 30 June 2026:
- The median value for Houses in South Melbourne is $1,689,377 while the median value for Units is $624,560.
- Houses have a median rent of $825 while Units have a median rent of $675.
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