SOLD
Sold on 18 Mar 2024 for $1,050,000

4 Craine Street
South Melbourne VIC 3205

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 230m2
Land area: 87m2
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Property Details for 4 Craine St, South Melbourne

Building Type
Commercial
Floor Size
230m2
Land Size
87m2
Local Government
Port Phillip
Lot/Plan
2/PS425703

Last Listing description (July 2023)

Gorman Allard Shelton is pleased to present this multi-level office opportunity to the market.

This versatile 213sqm (approx.) three-storey offering is comprised of a ground floor office and versatile second & third floor open plan spaces.

The property benefits from modern fixtures and fittings, with excellent natural light, patio and rooftop terrace providing outstanding city views. There is also roller door street access to a secured private car garage.

With a spacious complete kitchen and private bathrooms on each floor, this attractive and unique offering is not one to be missed.

Key Features:
* Area: 213sqm (approx.) across three (3) floors
* Rooftop views
* Office with Caretaker Residency opportunity
* Open plan work areas with private offices
* Secured onsite parking
* Close to public transport & lifestyle amenities

Metres from the iconic and thriving Clarendon, this versatile office is situated in the prime inner-city South Melbourne. Within walking distance to the buzzing South Melbourne Market and well serviced with vehicle access to the Westgate Freeway via Kings Way and public transport, including the Route 12 Tram. There is no shortage of lifestyle amenity, surrounded by local and established retailers, restaurants and cafes.

Property History for 4 Craine St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$1,050,000
18 Mar 2024
Listed for Rent
$49k/w
11 Jul 2023
  • 18 Mar 2024
    Sold for $1,050,000
  • 10 Jul 2023
    Listed for Rent - Price not available
  • 01 Jul 2020
    Listed for Sale Contact Agent for Price
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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 11,211 properties. Over the last 5 years, Houses in South Melbourne have seen a 35.74% increase in median value, while Units have seen a 2.45% increase. As at 31 August 2024:

  • The median value for Houses in South Melbourne is $1,791,704 while the median value for Units is $597,361.
  • Houses have a median rent of $750 while Units have a median rent of $625.
There are currently 38 properties listed for sale, and 48 properties listed for rent in South melbourne on OnTheHouse. According to CoreLogic's data, 432 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.