187 Ferrars Street, Southbank, VIC 3006

Offices

Sold Contact Agent

  • Property ID: 431663
  • Floor Area: 375m²
  • Land Area: 160m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 29/06/2023 375m2 160m2 Contact Agent
Turnkey Freehold Office Building 500 m* from South Melbourne Market

Stonebridge Property Group is pleased to present for sale 187 Ferrars Street, Southbank.

The property represents the ideal commercial office building / residence, boasting 7.8 m* wide with flexible open plan floor plates, natural light to all areas via floor to ceiling windows, skylights and private open space areas.

The 375 sqm* space is turnkey ready for a business to owner occupy or for investors to take advantage of the leasing/development upside.

The key highlights of the opportunity include:

- Sprawling open plan internal areas ideal for commercial occupation with boardroom and meeting rooms, ample natural light on 2 sides and private outdoor areas on all levels.

- Two staircase located at opposite ends of the building allowing for potential multi- tenant

- Modern kitchen and bathrooms with high end appliances no additional fitout required

- Office space ideal for the owner occupation of businesses including graphic designers, marketing agencies, architects, builders, developers, sound studio, family offices, engineers and more

- Capital City Zone offers the ultimate flexible of use including residential, medical, office, education and more

- Dual street frontage sizeable landholding of 160 sqm* with potential for longer term development

- Flexible capital city zone permits for a range of uses including Accommodation, Education and Place of Assembly

- 3 secure and at grade car parks located within the building a rare commodity within this precinct of South Melbourne

- Located in the heart of South Melbourne/Southbank 10 m* to 444 Foodary Café, 240 m* to South Melbourne market, next door to the famous Komeyui Japanese sushi restaurant and opposite The Relief Unit. 2 cafe

- Significant depreciation available from the extensive fitout and building size

187 Ferrars Street, Southbank is for sale via Public On-site Auction Thursday 29th June 2023 at 10:30am (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Dylan Kilner
0459 396 341

Max Warren
0488 296 892

Shawn Luo ??
0412 338 918

*Approximately

Property Code: 680

Southbank Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $263 ---
Offices --- $684 ---
Retail $10135 $504 4.97%
This is the average advertised price, rent and yield for Southbank, VIC 3006*

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:

  • 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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