61-65 Palmerston CrescentSouth Melbourne VIC 3205
Property Details for 61-65 Palmerston Cres, South Melbourne
Last Listing description (December 2022)
DUAL PERMIT TRIPLE FRONTED CITY FRINGE CORNER PROTECTED CBD VIEWS
JLL Melbourne has the exclusive privilege of offering for sale this superb approved corner landholding located at 61-65 Palmerston Crescent, South Melbourne
Key details of the opportunity include:
+ Dual permits approved for a residential project (3,817sqm GFA) and an office project (4,751sqm GFA)
+ Rare opportunity to secure the last remaining undeveloped site on Palmerston Crescent
+ Highly flexible Commercial 1 Zone site providing scope for residential, office, build-to-rent, co-living and hotel (STCA)
+ Potential for stunning uninterrupted and protected CBD views from any redevelopment of the property
+ Combined 98m* of street frontages
+ Valuable side laneway access to both sides of the site, providing abundant natural light
+ A superb location within easy walking distance to the future Anzac Train Station/Domain Tram Interchange, the Royal Botanic Gardens and Albert Park Lake
*Approx.
61-65 Palmerston Crescent, South Melbourne is For Sale by Expressions of Interest closing Thursday 1 December 2022 at 2pm
To obtain further information or to arrange an inspection, please contact the exclusive selling agent.
Jesse Radisich | 0402 085 702
MingXuan Li | 0498 688 998
Josh Rutman | 0411 27 37 46
Corner 620sqm landholding
Flexible Commercial 1 Zone
Residential & Office Permits
Property History for 61-65 Palmerston Cres, South Melbourne, VIC 3205
- 03 Nov 2022Listed for Sale Contact the JLL Melbourne Agents
- 06 Nov 2020Listed for Sale $3,000,000
- 15 Aug 2017Listed for Sale By EOI closing Thursday 14 September 2017 at 3pm
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About 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 13,071 properties. Over the last 5 years, Houses in South Melbourne have seen a -5.62% decrease in median value, while Units have seen a 2.09% increase. As at 31 August 2026:
- The median value for Houses in South Melbourne is $1,687,888 while the median value for Units is $636,972.
- Houses have a median rent of $825 while Units have a median rent of $680.
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