232-234 York StreetSouth Melbourne VIC 3205
Property Details for 232-234 York St, South Melbourne
Last Listing description (June 2023)
Vinci Carbone is pleased to offer for sale this prominent 3 level commercial freehold in a premium South Melbourne location.
Rarely does such an opportunity arise in such a tightly held location for future owner occupiers or investors wanting to acquire a prominent freestanding 3 level commercial building being within walking distance to South Melbournes highly desired retail precinct.
Key highlights:
Impressive standalone 3 level commercial building of 644 sqm*
Offered with a short term lease currently returning $83,331.12 per annum* plus outgoings plus GST (note: Level 2 is currently vacant)
Generous landholding of 258 sqm* allowing for future development (STCA) with rear right of carriage way on Title
On-site car parking provided
Rare opportunity for owner occupiers to acquire a standalone office building in a premium location
High exposure with over 10,000 passing vehicles per day**
An outstanding location situated 200m* from the renowned South Melbourne Market and many more highly desirable amenities on Clarendon Street and Cecil Street.
Public transport avenues include the bus networks on City Road and Ferrars Street as well as the South Melbourne Station being situated within 300m of the property.
For Sale by Expressions of Interest closing Thursday 27 April 2023 at 4pm (AEST).
*approx
**vicroadsopendata-vicroadsmaps.opendata.arcgis.com
Property History for 232-234 York St, South Melbourne, VIC 3205
- 15 Jun 2023Sold for $3,300,000
- 22 Mar 2023Listed for Sale Contact Agent
- 14 Nov 2022Listed for Rent $52,250 / year
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 12,937 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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