QUALITY INVESTMENT/REDEVELOPMENT OPPORTUNITY
Ideally located in the heart of bustling South Melbourne, this outstanding two storey building
provides a perfect opportunity to invest/redevelop in the future.
Features include :
- Total Building Area: 154 sqm (approx.)
- Total Land Area: 115 sqm (approx.)
- Ground Floor: 92 sqm (approx.)
- First Floor: 62 sqm (approx.)
- Zoning - Commercial Zone 1
- Annual Rental : $64,999.92 per annum + GST + Outgoings
- Lease expiry 14/01/2023 with a further five (5) option to 2028
For further details or inspection, please contact Andrew Manos on 0425 721 222
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:
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