Shop 16RA, 3 Freshwater Place, Southbank Blvd, Southbank, VIC 3006

Retail

Leased

  • Property ID: 438191
  • Floor Area: 124m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Shop 16RA Leased 01/02/2024 124m2 N/A $80,000
PRIME STREETFRONT RETAIL IN SOUTHBANK'S HIGH-DENSITY ZONE

POINT OF INTEREST:
Here lies an exclusive opportunity to secure your spot on one of Melbourne's most high potential street-front retail shops. A stone's throw from the river, the property displays itself over two levels of glass through a 6+* meter high frontage and an expansive outdoor seating area on Southbank Boulevard. Captivating an immediate audience of 536 apartments above, Southbank's 22,000+* residents, students, nightlife activity, tourism and office occupiers, Freshwater Place's horizon is nothing short of bright, considering the 7 permit approved developments delivering even more density to the vicinity.

Joining McDonalds, KFC, Five Guys, Meat & Wine Co, Kenny's Bakery, Freshwater Convenience, 7-Eleven, In a Rush, Sushi n Poke and many other more in Freshwater's retail hub, this is the chance to secure a prominent opportunity before the take off.

- 124 sqm*
- 52 sqm* Ground Level
- 72 sqm* Level 1
- Partial Ex-Cafe fitout
- Fully planned Food & Beverage Provisions
- 4.1* meter frontage

POINT OF VIEW:
The future is uncertain, unlike the well-defined possibilities of Freshwater Place.

*Approx.
Pricing excludes GST.
Population data is from last census.
Planning data is from government website.

Southbank Suburb Profile

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

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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