51-57 Buckhurst StreetSouth Melbourne VIC 3205
Property Details for 51-57 Buckhurst St, South Melbourne
Last Listing description (September 2019)
Lemon Baxter in conjunction with Kypa Property are delighted to offer 51-65 Buckhurst Street, South Melbourne for Private Sale.
51-65 Buckhurst Street represents a unique land bank opportunity with strong passing income from two separate buildings with 5 separate tenancies.
Situated within the Capital City Zone under the City of Port Phillip, the development potential for this site is now extensive with the new maximum height for this property is 12 stories (STCA) based on the newly released gazetted framework recently released by the Victorian Government.
51-57 Buckhurst Street is occupied by two commercial occupants.
59-65 Buckhurst Street is occupied by three commercial occupants.
This location provides direct access to Citylink, Westgate Freeway and the Melbourne CBD via Montague Street. There is a tram service within a very short walk along with the Bay Street Retail precinct and South Melbourne Market also within walking distance.
For further information, please contact:
Lemon Baxter:
Richard Hutton - 0418 531 772
Kypa Property:
George Kypriotis- 0412 560 810
Property History for 51-57 Buckhurst St, South Melbourne, VIC 3205
- 12 Aug 2019Sold for $3,150,000
- 22 Nov 2018Listed for Sale POA
- 03 May 2018Listed 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 12,939 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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