4A Craine Street, South Melbourne, VIC 3205

Offices | Showrooms | Retail

Sold $1,300,000

  • Property ID: 434324
  • Floor Area: 180m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 31/08/2023 180m2 N/A N/A
Prime Office/Warehouse Building within Blue Chip South Melbourne Pocket

Stonebridge Property Group is pleased to present for sale 4a Craine Street, South Melbourne.

The key highlights of the opportunity include:

- A prime city fringe freehold office building that represents the ultimate opportunity for an owner occupier to own vs lease or an astute investor to add to their portfolio

- 3-level building with excellent office space on Level 1 & level 2 and ground floor warehouse/garage providing scope for a variety of uses including office, retail, hospitality, caretakers residence and creative spaces

- Enormous garage with parking for 3 vehicles or potential warehouse use

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

- Highly functional internal building with no refurbishment needed, boasting high ceilings, natural light, Juliet balcony, employees kitchen and bathrooms on all levels

- Positioned to benefit from the amenity on South Melbourne’s strongest creative hub

- Area home to ST.ALi, Vintage Cellars, Caramel Creative (marketing agency), Saint Domain (barbers), United Training Grounds (fitness), Factory Sound (music retailer), Argo Group (Developers) and The Base (sound studio) - all within 200 m* of the property

- Two generous balconies providing ample private open space with Melbourne CBD views

- Rare opportunity to secure a freehold office / residential (caretakers) building in Melbourne most in demand city fringe suburb

4a Craine Street, South Melbourne is for sale via Public On-site Auction Thursday 31st August 2023 at 11:30am (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

Dylan Kilner
0459 396 341

Max Warren
0488 296 892

Shawn Luo ??
0412 338 918

* Approximate

Property Code: 721

South Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $10070 $293 2.91%
Industrial $5413 $252 4.66%
Offices $6364 $500 7.85%
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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