240-242 Dorcas StreetSouth Melbourne VIC 3205
Property Details for 240-242 Dorcas St, South Melbourne
Last Listing description (August 2021)
Stonebridge Property Group are pleased to present for sale 240 Dorcas Street, South Melbourne.
Key highlights include:
- A high quality set and forget city fringe investment tenanted to highly rated National jewellery group Unique Diamonds
- Providing net annual income of $46,350* through a 3-year lease with fixed 3% annual rental increases
- An extensively renovated 80sqm* retail space located on the well exposed corner of Dorcas & Union Streets
- Unique Diamonds is an established operator with stores throughout Melbourne and Canberra, specialising in gold & diamond trading, jewellery appraisals, custom design and repairs
- Strategically located just 90m* from the retail backbone of South Melbourne - Clarendon Street, providing high levels of foot traffic to Unique Diamonds
- Positioned on the ground floor of 'The Record' building a highly desirable development designed by award winning architect Rothelowman and comprising 32 residences
- Located walking distance from Victoria's famed South Melbourne markets and only a 6-minute tram ride to the Melbourne CBD
- Strong potential investment return of 5%+ vs South Melbourne residential returns of 2%-3%
*Approximately
240 Dorcas Street, South Melbourne is for sale via Public Onsite Auction Saturday 7th August 2021 at 12:00pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents Stonebridge Property Group.
Dylan Kilner
0459 396 341
Nic Hage
0448 782 594
Property Code: 268
Property History for 240-242 Dorcas St, South Melbourne, VIC 3205
- 24 Jun 2021Listed for Sale Contact Agent
- 30 Sep 2020Listed for Sale Contact Agent
- 04 Mar 2013Listed for Sale Contact agent for details
Recent sales nearby
See more recent sales nearby/assets/perm/en3fbln6aei6ndrhn5nddj4n6e?signature=2f630e9493ab3d022fa6173400de5924c07a87794ca68e7de268555d4bdc2490){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
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 12,851 properties. Over the last 5 years, Houses in South Melbourne have seen a 1.10% increase in median value, while Units have seen a 3.74% increase. As at 31 May 2026:
- The median value for Houses in South Melbourne is $1,736,032 while the median value for Units is $635,102.
- Houses have a median rent of $825 while Units have a median rent of $675.
Suburb Insights for South Melbourne 3205
Market Insights
South Melbourne Trends for Houses
N/A
N/A
View TrendN/A
N/A
South Melbourne Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
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.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
