516 City RoadSouth Melbourne VIC 3205
Property Details for 516 City Rd, South Melbourne
Last Listing description (April 2022)
516 City Road is conveniently located in the heart of South Melbourne, with the South Melbourne Markets, public transport and direct car access to the Westgate Freeway, Citylink and the Melbourne CBD all within close distance.
This property comprises of a ground floor area of approximately 61 sqm, which is an excellent space for retail or office use. The upstairs area is approximately 61 sqm, which could be used as residence or further office space.
Property Features Include:
- Total Floor Area: 122 sqm (approx.)
- Capital City Zone - Schedule 1
- Perfect for Ground Floor Retail/ Office use and Residence/Office use upstairs
- Kitchen and Bathroom Amenities
- Large rear courtyard
- Roller door access for 2 off-street parking spaces
- Air conditioning and heating
- Close to the CBD
- Available Now
Please contact the following agent for further information:
Andrew Manos - 0425 721 222
Property History for 516 City Rd, South Melbourne, VIC 3205
- 12 Aug 2020Listed for Rent - Price not available
- 15 Nov 2017Listed for Rent $37,000 / year
- 23 Jun 2015Listed for Rent $600 / week
Recent sales nearby
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0About South Melbourne 3205
The size of South Melbourne is approximately 2.2 square kilometres. It has 15 parks covering nearly 3.3% of 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 12,855 properties. Over the last 5 years, Houses in South Melbourne have seen a 7.13% increase in median value, while Units have seen a 3.65% increase. As at 30 April 2026:
- The median value for Houses in South Melbourne is $1,728,942 while the median value for Units is $640,842.
- Houses have a median rent of $840 while Units have a median rent of $670.
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