SOLD
Sold on 15 Oct 2024 for $10,300,000

260-262 Normanby Road
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: -
Car spaces: 6
Land area: 1028m2
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Property Details for 260-262 Normanby Rd, South Melbourne

Building Type
Commercial
Land Size
1028m2
Local Government
Port Phillip
Lot/Plan
CP161789

Last Listing description (October 2023)

CBRE is delighted to exclusively offer 260-262 Normanby Road, South Melbourne, for lease.

This high exposure showroom warehouse is located in the heart of Melbourne on Normanby Road. The property has direct access to Citylink, West Gate Freeway and Docklands Highway, whilst the South Melbourne Market, Crown Casino, Melbourne CBD & Docklands are all within walking distance. The sporting precinct, Port Melbourne Beach and Albert Park lake are less than 2km* away


The 775sqm* clear span tenancy has a glass faade with fantastic exposure to Normanby Road offering off street parking in front. This site also has access at the rear via a container height roller door fronting Munro Street.

For further information or to book an inspection, please contact the exclusively appointed CBRE agents listed below.

*approx.

Property History for 260-262 Normanby Rd, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$10,300,000
15 Oct 2024
Listed for Rent
$188k/w
03 Oct 2023
  • 15 Oct 2024
    Sold for $10,300,000
  • 03 Oct 2023
    Listed for Rent - Price not available
  • 07 Jul 2022
    Listed for Rent - Price not available
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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 11,164 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.
There are currently 42 properties listed for sale, and 53 properties listed for rent in South melbourne on OnTheHouse. According to CoreLogic's data, 417 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

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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.