520 City RoadSouth Melbourne VIC 3205
Property Details for 520 City Rd, South Melbourne
520 City Rd, South Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2012. The property has a land size of 258m2 and floor size of 446m2. While the property is not currently for sale or for rent, it was last sold in December 2015.
Last Listing description (November 2021)
The Colliers Melbourne City Sales Team is pleased to present the exclusive opportunity to secure a high profile freehold mixed-use investment in the preeminent city fringe suburb of South Melbourne.
Formerly known as the Nelson Hotel and first licenced circa 1867, the property has a steeped history and has been extensively refurbished to provide a well-leased investment with a diversified income profile.
Key attributes of 520 City Road include the following:
- Extensively refurbished improvements comprising nine (9) first floor residential apartments, two (2) ground floor apartments plus ground floor retail tenancy.
- Almost 100% leased with only one residential apartment vacancy
- A diversified income profile from residential, office and retail tenants
- Total building area of 389sqm* (GLA) over two (2) levels
- Unrepeatable high-profile corner site of 257sqm* with extensive frontages to both City Road and Montague Street in addition to rear lane access
- Exceptional and evolving inner-city location, just moments from the Melbourne CBD, and within close proximity to Port Melbourne Beach, Clarendon Street Retail, Southbank Promenade and the world-famous South Melbourne Market
- Flexible Capital City Schedule 1 Zoning suitable for a range of potential future uses (STCA)
- Access to public transport networks including Tram Routes, 12, 96 and 109, major bus routes and Southern Cross Train Station
- A chance to secure a premium South Melbourne position in one of Melbourne's most evolving commercial precincts
- A unique offering for astute value-add investors and owner occupiers given the flexible lease structures
*approximately.
CAMPAIGN POSTPONED UNTIL INSPECTIONS PERMITTED
To arrange an inspection or for more information please contact Colliers International Melbourne City Sales team as the exclusive selling agents
Tom Isaksson | +61 422 154 570
Alex Browne | +61 418 350 545
Joff Mithen | +61 430 759 406
Property History for 520 City Rd, South Melbourne, VIC 3205
- 01 Jul 2021Listed for Sale Please contact agent
- 20 Sep 2019Listed for Rent $230 / week
- 13 Aug 2019Listed for Rent $230 / week
Recent sales nearby
See more recent sales nearby
/assets/perm/wcnlgq2ikii63flag4fmeee654?signature=7fc8c121fe0605c9ae46c54dcb589e2a26fd00a7ac088ac7fa71079bea09c739){kind=logo}
0Similar 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 12,875 properties. Over the last 5 years, Houses in South Melbourne have seen a 1.10% increase in median value, while Units have seen a 3.74% increase. As at 31 May 2026:
- The median value for Houses in South Melbourne is $1,736,032 while the median value for Units is $635,102.
- Houses have a median rent of $825 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
