137 Moray Street, South Melbourne, VIC 3205

Offices | Retail | Development/Land

Sold

  • Property ID: 445943
  • Floor Area: 540m²
  • Land Area: 468m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 27/06/2024 540m2 468m2 Contact Agent
Realisation Sale - 2 Street Frontages, 16 On-site Cars & a Turnkey Building with Future Development Potential

Stonebridge Property Group is pleased to present 137 Moray Street, South Melbourne.

The property comprises a two-level building with both floors fully self-contained and ability to house two separate tenants. The building is complemented by an undercover garage/outdoor parking lot for 16 cars via the rear road access.

The landholding is in the heart of South Melbourne’s dynamic hospitality precinct, noting the immediate access to Melbourne’s famous South Melbourne Market and easy access to the CBD via City Road.

Key highlights of the property include:

- High quality 540 sqm* gross building area improved by a substantial office fit out with immediate ability to occupy or refurbish

- Substantial landholding of 468 sqm* with significant scope for future development

- Ultra-rare 16 on-site car parks via secure undercroft plus rear parking lot

- Ability to split into multiple tenancies via two strategic entry points on the ground floor. Occupy and off-set costs via a separate tenant or improve rental income via two separate tenants

- Located a stones throw away from the $200m+ 101 Moray Street office building with ground floor hospitality and café options

- Situated in the heart of South Melbourne, within walking distance to hospitality options including Bell Hotel (50 m *), South Melbourne Market (700 m*), St. ALi Coffee (300 m*), and Clarendon Street retail (300 m*)

- Moray Street is fast becoming the business precinct of the City fringe with landmark developments like 101 Moray Street, 130 Moray Street (to be delivered by Fortis) the soon to arrive “Emerald Place” new development on the corner of Clarendon Street and York Street

- Potential for business signage on high profile frontage to Moray Street

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

Chao Zhang ??
0411 625 068

* Approximate

Property Code: 994

South Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $6988 $269 3.85%
Retail $10124 $255 2.52%
Offices $6076 $526 8.66%
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:

  • 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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