256-258 Normanby RoadSouth Melbourne VIC 3205
Property Details for 256-258 Normanby Rd, South Melbourne
Last Listing description (April 2022)
Under instructions from Philip Newman, PCI Partners, Receiver and Manager, CBRE is offering for sale 256-258 & 260-262 Normanby Road, South Melbourne together or separately via expressions of interest.
The properties represent an unrivalled development or owner-occupier opportunity in South Melbourne's highly desirable Montague Precinct.
+Two (2) side by side buildings suiting owner-occupiers, investors and developers
+2,024sqm* landholding benefitting from capital city 1 zoning, with high exposure street frontage to Normanby Road & Munro Street
+Offered with a Planning Scheme Amendment prepared by acclaimed architect Hayball, allowing for a 20-level mixed-use development of the site, comprising apartments with retail & commercial tenancies
+Direct access to Citylink, the West Gate Freeway and the Docklands Highway, whilst The South Melbourne Market, Crown Casino, the Melbourne CBD & Docklands are all within walking distance and the sporting precinct, Port Melbourne Beach and Albert Park lake are less than 2km* away
+Normanby Road is a pocket set to transform into a St Kilda Road style thoroughfare, with several major 40-level plus developments under construction, the precinct shapes as a natural extension of the Melbourne CBD, Southbank and Docklands
256-258 & 260-262 NORMANBY ROAD, SOUTH MELBOURNE ARE FOR SALE TOGETHER OR SEPARATELY VIA EXPRESSIONS OF INTEREST CLOSING THURSDAY 3RD MARCH AT 2:00PM (AEDT)
*Approx.
For further information please contact the exclusive sales and marketing agents at CBRE:
David Minty
+61 422 564 199
david.minty@cbre.com.au
Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au
Jing Jun (JJ) Heng
+61 411 059 116
jj.heng@cbre.com.au
Property History for 256-258 Normanby Rd, South Melbourne, VIC 3205
- 15 Oct 2024Sold for $10,300,000
- 11 Mar 2022Sold for $5,010,000
- 28 Jan 2022Listed for Sale Contact Agent
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About South Melbourne 3205
The size of South Melbourne is approximately 2.2 square kilometres. It has 15 parks covering nearly 3.3% of total area. The population of South Melbourne in 2011 was 9,317 people. By 2016 the population was 10,892 showing a population growth of 16.9% 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 $1800 - $2399 per month on mortgage repayments. In general, people in South Melbourne work in a professional occupation. In 2011, 44.8% of the homes in South Melbourne were owner-occupied compared with 40.2% in 2016.
South Melbourne has 11,163 properties. Over the last 5 years, Houses in South Melbourne have seen a 9.87% increase in median value, while Units have seen a 2.12% increase. As at 31 October 2024:
- The median value for Houses in South Melbourne is $1,619,416 while the median value for Units is $605,499.
- Houses have a median rent of $700 while Units have a median rent of $625.
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