SOLD
Sold on 18 Jun 2024 for $2,800,000

9 Meaden Street
Southbank VIC 3006

Bedrooms: -
Bathrooms: -
Car spaces: 8
Floor area: 772m2
Land area: 278m2
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Property Details for 9 Meaden St, Southbank

Building Type
Commercial
Floor Size
772m2
Land Size
278m2
Local Government
Port Phillip
Lot/Plan
3/PS446487

Last Listing description (November 2023)

Rare commercial freehold on the city's edge.

GrayJohnson is pleased to offer for sale this freshly-refurbished property comprising two office floors plus a large, secure car park and/or storage area at ground level.

This is an exceptional opportunity for an owner-occupier or investor or to acquire a high-quality, contemporary office building in a stand-out location.

The premium fit-out means this property is ready for a new occupant to move in and begin operating. Each office floor has an area of 290 sqm*, plus a large, street-facing balcony. Office accommodation includes a functional reception area, partitioned offices, meeting rooms and an impressive boardroom. Staff break-out areas open to the balconies. An excellent level of amenity is provided by a large kitchen and high-calibre end-of-trip facilities. Two additional on-grade car spots are provided in front of the building (excellent for customer carparking).

The prime location puts this property within minutes of the CBD and popular bayside suburbs. City Road, South Melbourne Market, Southbank eateries and shopping are all close by and there's easy access to Melbourne's freeway network and light rail stops.

The opportunity:
Three-level building with two office floors plus parking/storage - Total area: 870 sqm approx.
Combined office area 580 sqm*
Secure garage parking and storage area of 290 sqm*
Full fit-out with partitioned offices and meeting rooms
Large kitchen and end-of-trip facilities
Ample natural light front and rear
Suit professional services or showroom use^

*approx.
^STPA

Property History for 9 Meaden St, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$2,800,000
18 Jun 2024
Listed for Rent
$190k/w
15 Nov 2023
  • 18 Jun 2024
    Sold for $2,800,000
  • 02 Aug 2023
    Listed for Sale $3,500,000 - $3,800,000
  • 03 Oct 2012
    Sold for $1,925,000
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About Southbank 3006

The size of Southbank is approximately 1.6 square kilometres. It has 7 parks covering nearly 1.5% of total area. The population of Southbank in 2011 was 11,235 people. By 2016 the population was 18,706 showing a population growth of 66.5% in the area during that time. The predominant age group in Southbank is 20-29 years. Households in Southbank are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Southbank work in a professional occupation. In 2011, 39.7% of the homes in Southbank were owner-occupied compared with 33.8% in 2016.

Southbank has 27,878 properties. Over the last 5 years, Houses in Southbank have seen a 24.59% increase in median value, while Units have seen a -1.39% decrease. As at 31 October 2024:

  • The median value for Houses in Southbank is $639,437 while the median value for Units is $576,656.
  • Houses have a median rent of $670 while Units have a median rent of $662.
There are currently 176 properties listed for sale, and 235 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1222 properties were sold in the past 12 months in Southbank.

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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.