173-175 Gladstone Street, South Melbourne, VIC 3205

Investment | Industrial | Development/Land

Sold

  • Property ID: 322521
  • Floor Area: 418m²
  • Land Area: 418m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold N/A 418m2 418m2 Contact Agent
Sought After Capital City Zone - Commercial/Residential Development Potential!

This prime inner city warehouse with access points from Gladstone Street and Boundary Street is now available for private sale, subject to a short term lease. Located within the Capital City 1 Zoning, this property falls within an exciting framework, offering the potential for mixed use development (STPA) as demonstrated by the recent construction of the nearby Nightingale apartments.

The precinct is bound by the West Gate Freeway, City Road, Boundary Street, Fisherman's Bend, the 109 Tram service to Port Melbourne, providing great convenience of transport to the area. The Fisherman's Bend precinct plan aims to refresh the inner-city suburb into a sustainable mixed use area accommodating up to 80,000 people in residential zones and employ 80,000 people in an employment zone by 2050.

Key features of the property include:
- Building area of 418m2*
- Site area of 418m2* of with 10+ metre* frontage
- Capital City 1 Zoning
- Sought after Fisherman's Bend redevelopment precinct
- Access from front and rear of the property
- Potential for the development of offices, residential apartments, warehouse conversion to residential and more


*Approx
Pricing excludes GST.

Additional Information
Features
  • Availability: 24 September 2020
  • Zoning: Capital City Zone 1
  • Suitable Development: Residential/Offices
  • Permits Issued: Nil
  • Lease Term: One (1) Year
  • Rent Review: Not applicable
  • Car Spaces: N/A
  • Condition: Good
  • Air Conditioning: No
  • Roller Doors: Two (2) Roller Shutter Door
  • Floors: Concrete
  • Lifts: N/A
  • Height: 5-6 metres approx
  • Age: circa 1960's
  • Car Parking Fees: N/A
Outgoings
  • Water Rates: $1,200.00 p.a. + GST approx
  • Land Tax: TBA
  • Council Rates: $5,863.15 + GST approx
  • Owners Corp. / Insurance: $1,200.00 p.a. + GST approx
South Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $6942 $508 7.32%
Retail $11875 $299 2.52%
Industrial $5413 $228 4.21%
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 Industrial 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™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 173-175 Gladstone Street, South Melbourne, VIC 3205. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 173-175 Gladstone Street, South Melbourne, VIC 3205. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 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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