SOLD
Sold on 19 Feb 2024 for $2,140,000

544-546 City Road
South Melbourne VIC 3205

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 283m2
Land area: 279m2
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Property Details for 544-546 City Rd, South Melbourne

Building Type
Commercial
Floor Size
283m2
Land Size
279m2
Local Government
Port Phillip
Lot/Plan
1/TP680754

Last Listing description (November 2023)

Lemon Baxter is thrilled to introduce 544-546 City Road, offered via Expression of Interest, closing on Wednesday, 29th November 2023 at 12 noon.

Some of the key highlights of this property are:
Land area of 281sqm*

Current net rental of $84,000pa* + GST
Suitable for a number of uses
Double car garage via rear access
Substantial 9.2m* wide frontage to City Road
Quality fitout
Flexible Capital City 1 Zone (CCZ1) under the Port Phillip Planning Scheme allowing for future development
Situated only a few hundred metres away from South Melbourne market and easy access to major arterials and several tram lines

For further details or to arrange an inspection please contact the exclusive selling agents at Lemon Baxter today!

*Approximately

Property History for 544-546 City Rd, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$2,140,000
19 Feb 2024
  • 19 Feb 2024
    Sold for $2,140,000
  • 08 Nov 2023
    Listed for Sale Contact Agent
  • 20 Jun 2007
    Transferred
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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.