232-234 York Street, South Melbourne, VIC 3205

Offices | Retail | Showrooms

Sold

Sold

  • Property ID: 428924
  • Floor Area: 644m²
  • Land Area: 258m²
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 23/06/2023 644m2 258m2 Contact Agent
PERFECTLY POSITIONED 3 LEVEL COMMERCIAL FREEHOLD

Vinci Carbone is pleased to offer for sale this prominent 3 level commercial freehold in a premium South Melbourne location.

Rarely does such an opportunity arise in such a tightly held location for future owner occupiers or investors wanting to acquire a prominent freestanding 3 level commercial building being within walking distance to South Melbourne’s highly desired retail precinct.

Key highlights:

Impressive standalone 3 level commercial building of 644 sqm*
Offered with a short term lease currently returning $83,331.12 per annum* plus outgoings plus GST (note: Level 2 is currently vacant)
Generous landholding of 258 sqm* allowing for future development (STCA) with rear right of carriage way on Title
On-site car parking provided
Rare opportunity for owner occupiers to acquire a standalone office building in a premium location
High exposure with over 10,000 passing vehicles per day**


An outstanding location situated 200m* from the renowned South Melbourne Market and many more highly desirable amenities on Clarendon Street and Cecil Street.

Public transport avenues include the bus networks on City Road and Ferrars Street as well as the South Melbourne Station being situated within 300m of the property.

For Sale by Expressions of Interest closing Thursday 27 April 2023 at 4pm (AEST).

*approx
**vicroadsopendata-vicroadsmaps.opendata.arcgis.com

Additional Information
Features
  • Car Spaces: 3
South Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $5722 $516 9.02%
Industrial $5392 $269 4.99%
Retail $10124 $269 2.65%
This is the average advertised price, rent and yield for South Melbourne, VIC 3205*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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