Colliers Melbourne Investment Services are pleased to present this exceptional standalone East Melbourne asset superbly located on the doorstep of the CBD. 12 Lansdowne Street, East Melbourne is being offered For Sale by Public Auction on Tuesday 19th of December 2023 at 2:30pm AEDT.
Featuring a Commercial 1 Zone landholding of 157sqm* with frontage to Lansdowne Street and Providence Lane, as well as capital improvements that comprise of 75sqm* single level building & rear hardstand for car parking. Further complementing the offering is short-term holding income.
The size of East Melbourne is approximately 1.9 square kilometres. It has 10 parks covering nearly 46% of total area. The population of East Melbourne in 2011 was 4,714 people. By 2016 the population was 4,987 showing a population growth of 5.8% in the area during that time. The predominant age group in East Melbourne is 30-39 years. Households in East Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in East Melbourne work in a professional occupation. In 2011, 42.8% of the homes in East Melbourne were owner-occupied compared with 43.6% in 2016.
East Melbourne has 5,742 properties. Over the last 5 years, Houses in East Melbourne have seen a 10.08% increase in median value, while Units have seen a -12.96% decrease. As at 31 July 2024:
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