SOLD
Sold on 07 Dec 2023 for $1,590,000

42 King Street
Prahran VIC 3181

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 611m2
Land area: 194m2
Sold By
Adrian Boutsakis
Teska & Carson
Reece Israel
Teska & Carson
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Property Details for 42 King St, Prahran

Building Type
Commercial
Floor Size
611m2
Land Size
194m2
Local Government
Stonnington
Lot/Plan
3/RP17130

Last Listing description (November 2023)

Teska Carson is pleased to offer 42 King Street, Prahran for sale by Public Auction on Thursday 7 December 2023 at 12pm on-site.

Secure this recently renovated Studio or Warehouse positioned within one of Melbournes most lively city fringe locations, experiencing substantial growth due to a number of high calibre developments within close proximity.

The improved freehold offers a spacious open plan studio with polished concrete floors, high ceilings and mezzanine for additional office / storage, convenient for a creative office.

Situated in the beating heart of Prahran, with excellent transport links via High Street trams, Prahran Train Station and only a short walk to Chapel Street & High Street.

Further features include:

- Fold up counter weight door
- Land Area: 194m2
- Build Area: 246m2
- Zoning: Activity Centre Zone 1 (ACZ1)
- One (1) car park via Regent Street

Please do not hesitate to call for further information or to arrange an inspection.

Property History for 42 King St, Prahran, VIC 3181

A timeline of how this property has performed in the market
Last Sold
$1,590,000
07 Dec 2023
Listed for Rent
$80k/w
03 Jul 2023
  • 07 Dec 2023
    Sold for $1,590,000
  • 10 Nov 2023
    Listed for Sale Contact Agent
  • 16 Feb 2022
    Listed for Rent - Price not available
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About Prahran 3181

The size of Prahran is approximately 1.9 square kilometres. It has 8 parks covering nearly 6.3% of total area. The population of Prahran in 2011 was 11,191 people. By 2016 the population was 12,985 showing a population growth of 16.0% in the area during that time. The predominant age group in Prahran is 20-29 years. Households in Prahran are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Prahran work in a professional occupation. In 2011, 42.7% of the homes in Prahran were owner-occupied compared with 39.3% in 2016.

Prahran has 10,558 properties. Over the last 5 years, Houses in Prahran have seen a 10.60% increase in median value, while Units have seen a 5.10% increase. As at 31 October 2024:

  • The median value for Houses in Prahran is $1,718,651 while the median value for Units is $555,773.
  • Houses have a median rent of $760 while Units have a median rent of $525.
There are currently 31 properties listed for sale, and 15 properties listed for rent in Prahran on OnTheHouse. According to CoreLogic's data, 484 properties were sold in the past 12 months in Prahran.

Suburb Insights for Prahran 3181

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.