560 City RoadSouth Melbourne VIC 3205
Property Details for 560 City Rd, South Melbourne
Last Listing description (July 2022)
Lemon Baxter is delighted to offer 560 City Road, South Melbourne for sale via way of:
Expression of Interest: Closing Wednesday July 29th at 12 noon
This prime South Melbourne site represents an unprecedented and unique opportunity to either invest, potentially owner occupy or develop in the future (STCA).
The offering comprises of a 510 m2 standalone, two level high bay warehouse with 1st floor residence plus the advantage of two street frontages and access points.
The subject property has a lease expiry in December 2021 with a further 3 year option and a Panel Beaters permit attached to the site - which are very finite
Property History for 560 City Rd, South Melbourne, VIC 3205
- 31 Jul 2020Sold for $2,855,888
- 26 Jun 2020Listed for Sale Contact Agent
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 12,921 properties. Over the last 5 years, Houses in South Melbourne have seen a -2.61% decrease in median value, while Units have seen a 1.68% increase. As at 30 June 2026:
- The median value for Houses in South Melbourne is $1,689,377 while the median value for Units is $624,560.
- Houses have a median rent of $825 while Units have a median rent of $675.
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