260-262 Normanby RoadSouth Melbourne VIC 3205
Property Details for 260-262 Normanby Rd, South Melbourne
Last Listing description (November 2024)
Cushman & Wakefield Melbco Development Sites is pleased to invite Expressions of Interest (EOI) to purchase 256-262 Normanby Road, South Melbourne within Melbournes developing Montague Precinct.The property offers a permit-approved development opportunity which is perfectly sized for a mixed-use development catering to both Build-to-Sell and Build-to-Rent developers and operators.- 2,023sqm* combined landholding with Capital City Zone 1 zoning- Mixed-use scheme approved for basement, ground and 20 upper levels- Attractive to both Build-to-Sell and Build-to-Rent developers seeking a high-end development within Melbournes CBD fringe- Significant combined passing income of $473,602 per annum*- Located within two kilometres of the Melbourne CBD, 500 metres from South Melbourne Central Activity Centre, 800 metres from Bay Street Activity Centre and adjacent to South Wharf - Within 200 metres of the Light Rail Tram Routes 109 and 96 providing direct access to the Melbourne CBD - Well connected to the metropolitan road network, with direct access to the West Gate Freeway / M1- The Montague Precinct is currently seeing a wave of development with a mix of BTR and BTS developments under construction with nearby developments including Greystar 617 apartments), Local (406 apartments), CDL (237 apartments), Gamuda Land (200 apartments) and situated directly opposite R Corporation existing residential tower (457 apartments)*Approx.Sale details: For Sale by International Expressions of Interest (EOI) closing Thursday 20 June at 2pm (AEST).Daniel Wolman +61 412 957 839Hamish Burgess +61 421 641 497Marcus Neill +61 452 405 782Oliver Hay +61 419 528 540
Property History for 260-262 Normanby Rd, South Melbourne, VIC 3205
- 20 Oct 2024Listed for Sale Contact Melbco Development Sites today
- 15 Oct 2024Sold for $10,300,000
- 03 Oct 2023Listed for Rent - Price not available
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 13,154 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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