540-542 City RoadSouth Melbourne VIC 3205
Property Details for 540-542 City Rd, South Melbourne
Last Listing description (December 2023)
An opportunity to secure a prime piece of Real Estate with unbelievable exposure to City Road. Just minutes to Southbank on foot or by public transport, Crown, Melbourne Exhibition Centre, Melbourne CBD, South Melbourne Light Rail, only 350 metres to the Iconic South Melbourne Market, & a 20 minute walk to Port Melbourne - South Melbourne beach.
The ultimate fringe location with unbelievable exposure for Retail - Hospitality - Residential or Offices in a Zone only destined to soar in capital growth.
? Site - Building 302m2
? 24 hour access to the rear of the building
? Public transport at your doorstep & swift access to all major arterial roads leading you to the South, East, North & West of Melbourne.
Investors, developers, builders or business owners, this paramount site of 302m2 is an opportunity to secure an incredible property in a prominent location. For any enquiries contact Bassam Tofaili on 0477 972 229 or to arrange an inspection at the property.
Property History for 540-542 City Rd, South Melbourne, VIC 3205
- 18 Dec 2023Listed for Sale Not Disclosed
- 27 Jan 2023Listed for Sale Contact Agent
- 26 Jul 2022Sold for $2,178,000
Recent sales nearby
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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 13,154 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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