31 Market StreetSouth Melbourne VIC 3205
Property Details for 31 Market St, South Melbourne
Last Listing description (November 2023)
Gorman Allard Shelton and Lemon Baxter are pleased to offer for sale 17-33 Market Street, South Melbourne.
This substantial 3 level office building sits on a prominent corner site of 1,146 sqm* and provides a fantastic opportunity for investors and owner-occupiers within a dynamic inner-city precinct.
Key Benefits include:
Building Area of 3,051.6 sqm* across 3 levels
Corner site of 1,146 sqm* with combined frontage of 75.6 m* to Market & Clarke Street's
Opportunity to occupy the top floor which offers a fully refurbished modern office space of 1,023.5 sqm* ready to occupy
Current Income: $831,837 pa* + GST
Projected Fully Leased Income: $1,336,286 pa* + GST
29 secure basement car spaces
4-star NABERS Energy rating
Commercial 2 Zoning
Located in the dynamic inner-city suburb of South Melbourne close to the South Melbourne Market, Clarendon Street retail and public transport
Contact the selling agents today for an immediate inspection.
GORMAN ALLARD SHELTON
Joseph Walton 0417 309 347
Peter Bremner 0412 326 942
LEMON BAXTER
Chris Curtain 0418 335 572
Bill Makris 0430 869 579
*Approx
Property History for 31 Market St, South Melbourne, VIC 3205
- 30 Jun 2024Sold for $20,000,000
- 18 Oct 2023Listed for Sale Contact Agent
- 13 Jan 2021Listed for Sale SOLD - $8,950,000
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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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