518 City RoadSouth Melbourne VIC 3205
Property Details for 518 City Rd, South Melbourne
Last Listing description (March 2021)
Amongst this rapidly evolving precinct in the highly sort after South Melbourne area is this perfectly located property providing an exceptional opportunity to acquire a strategic site primed for redevelopment within close proximity to the Melbourne CBD and the city's most famous landmarks and attractions.
518 City Road South Melbourne is situated in the heart of the Montague Urban Village and is part of the Fishermans Bend Precinct, an area on the fringe of Melbourne's CBD that has been identified for Australia's largest ever urban renewal.
Features include:
Building Area: 70 sqm approx.
Capital City Zone 1 (CCZ1)
Premium City Fringe Location Offering Significant Development Upside (STCA)
Sought after Montague Commercial Redevelopment Precinct
Dual Street Access
Great Street Exposure
Well Located with Close Proximity to Retail Amenity, Parklands, Public Transport & Major Road Arterials
Versatile Development Including Retail, Office, Medical, Showroom & Apartments
This property is within walking distance to South Melbourne Market, Southbank, Melbourne's CBD, South Wharf and Port Melbourne Beach and surrounded by a wide selection of Clarendon Street cafes, shops and restaurants, Albert Park Lake, Melbourne Sports and Aquatic Centre. Also, down the road is the new Albert Park College, South Melbourne Park Primary School, Albert Park Primary School & South Melbourne Primary School.
Providing excellent transport links the precinct is bound by the West Gate Freeway, City Road, Montague Street, Fisherman's Bend and the 109 Tram service to Port Melbourne.
Located within the Capital City 1 Zoning, this property falls within an exciting framework, offering the potential for mixed use development (STCA). The Fisherman's Bend precinct plan aims to refresh the inner-city suburb into a sustainable mixed use area.
For further information please contact Hudson Bond Commercial.
Property History for 518 City Rd, South Melbourne, VIC 3205
- 06 Mar 2021Sold for $925,000
- 12 Nov 2020Listed for Sale $1,095,000 Ex GST
- 19 Nov 1999Sold for $200,000
Recent sales nearby
See more recent sales nearby/assets/perm/o776rzox6yi63kiwjo3ycsdemi?signature=9e777f06b0c5781028a07ce697e04bf18ea8bf078ca414a7691b2f45e84e940a){kind=logo}
0/assets/perm/ikctd4w3zyi6nnoaculab3wkge?signature=9aa831f41ea6c5c71a5d096aaa535654c80a182bd3e6a9b048e359cd0e3e0a0d){kind=logo}
0
Similar 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 12,940 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.
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
