2-4 Douglas Street, Southbank, VIC 3006

Offices

Sold Contact Agent

  • Property ID: 434320
  • Floor Area: 929m²
  • Land Area: 160m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 01/09/2023 929m2 160m2 Contact Agent
Prime Fully Leased Southbank Corner Building Opposite $500m Greystar (USA) Build to Rent Development

Stonebridge Property Group is pleased to present for sale 2-4 Douglas Street, Southbank.

The key highlights of the opportunity include:

- Corner commercial building fully leased to tenants including Woolworths owned 'Shopper', Channel 31, Bang Bang Media Studios and Peter Harvey & Co Architects

- Strong history of tenant retention with some tenants having been within the building for over 20 years

- Architecturally designed art deco four storey building comprising of four self-contained tenancies

- Top two office suites each feature city views of the Melbourne CBD & Kirrip Park and entertainer balconies

- Employee centric amenities and location offering unique work spaces with character that represent a point of difference

- Surrounded by some of Melbourne's best amenities including DFO South Wharf (440 m*), Kirrip Park (opposite), Melbourne Exhibition Centre (130 m*), Montague Light Rail Station (250 m*), South Melbourne Market (500 m*) and Golden Fleece Hotel (378 m*)

- 10 secure at-grade car parks, a rare commodity within this precinct of South Melbourne/Southbank

- Located 100 m* from Greystar’s (American and global BTR giants) $500m Build To Rent project which will bring significant benefit to the precinct. The project is already under construction and includes three towers encompassing 700 apartments, 4,300 sqm* of amenity and 850 sqm* of retail space (estimated to be completed by 2024)

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

- Central Southbank location providing ease of client and employees access from both Eastern and Western suburbs of Melbourne

2-4 Douglas Street, Southbank is for sale via Public On-site Auction Friday 1st September 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: 701

Southbank Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $270 ---
Offices --- $695 ---
Retail $9217 $343 3.72%
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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