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53-65 Stead St 570 SF Office Condo Unit Offered at $242,542 in South Melbourne, VIC 3205
Investment Highlights
- Light-filled, functional office space with flexible layout
- Situated on the third floor of a boutique, modern building with lift access
- Walking distance to South Melbourne Market, Albert Park Lake, and vibrant retail precincts
- Three secure on-title car spaces included
- Exceptional connectivity to CBD, major freeways, and public transport
- Air-conditioning plus kitchen and toilet facilities for operational ease
Executive Summary
53-65 Stead Street is a boutique office building ideally suited for small business operators, consulting practices, and creative teams looking for a flexible city-fringe workspace. The property offers a collection of light-filled offices with configurations that often include an open-plan area, private office, reception space, and boardroom facilities. Many suites are complemented by secure on-site parking—an essential amenity in South Melbourne’s tight parking environment. Inside, tenants benefit from quality features such as heating and cooling systems, kitchenette facilities, and well-maintained shared amenities. The building provides lift access for convenience and is positioned to capture natural light throughout the day. The location offers immediate access to Melbourne’s inner-city lifestyle, with Albert Park Lake, South Melbourne Market, Clarendon Street dining, and major public transport routes all just moments away. Connectivity to the Melbourne CBD, St Kilda Road precinct, and Westgate Freeway ensures hassle-free commuting and excellent accessibility for clients and staff alike. This property represents one of South Melbourne’s most convenient and accessible business addresses, blending functionality with outstanding connectivity in a vibrant commercial precinct.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 7.12% |
| Sale Type | Investment |
| Cap Rate | 7.12% |
Included are three on-title car spaces—a highly desirable feature in South Melbourne’s tightly held office market. The current lease provides steady income, with flexible month-to-month terms for future occupation or continued investment upside. Positioned moments from Albert Park Lake, South Melbourne Market, Clarendon Street retail precinct, and major tram routes, the property ensures unparalleled connectivity to the CBD, Westgate Freeway, and the forthcoming ANZAC Station. Offered at a reduced price, this asset delivers compelling value for businesses and investors seeking location, convenience, and accessibility.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 310 | 570 SF | Office | $242,542 ($425.51/SF) | $17,263.27 |
Unit 310
| Unit Size |
| 570 SF |
| Condo Use |
| Office |
| Price |
| $242,542 ($425.51/SF) |
| NOI |
| $17,263.27 |
Unit 310
| Unit Size | 570 SF |
| Condo Use | Office |
| Price | $242,542 ($425.51/SF) |
| NOI | $17,263.27 |
| Sale Type | Investment |
| Cap Rate | 7.12% |
| Description | |
| The property comprises a strata-titled office located on the third level of a contemporary low-rise building in South Melbourne. It offers lift access, onsite car parking, and is positioned in proximity to Albert Park Lake, Clarendon Street retail, South Melbourne Market, and Royal Botanic Gardens. Transport connectivity is provided by nearby tram routes, bus links, and the future ANZAC train station, with vehicular access to the Westgate Freeway close at hand.</li></ul> | |
| Sale Notes | |
| This well-presented strata-titled office offers a rare opportunity for investors and owner-occupiers seeking prime positioning on Melbourne’s city fringe. Nestled on the top floor of a modern low-rise complex, the space comprises approximately 53 sqm of efficient open-plan layout complemented by a private office or meeting room. Benefiting from abundant natural light, quality amenities, and glass lift access, the property fosters an excellent working environment.<br> <br> Included are three on-title car spaces—a highly desirable feature in South Melbourne’s tightly held office market. The current lease provides steady income, with flexible month-to-month terms for future occupation or continued investment upside. Positioned moments from Albert Park Lake, South Melbourne Market, Clarendon Street retail precinct, and major tram routes, the property ensures unparalleled connectivity to the CBD, Westgate Freeway, and the forthcoming ANZAC Station. Offered at a reduced price, this asset delivers compelling value for businesses and investors seeking location, convenience, and accessibility.</li></ul> |
Property Facts
| Total Building Size | 28,750 SF | Floors | 4 |
| Property Type | Office (Condo) | Typical Floor Size | 7,188 SF |
| Building Class | C | Lot Size | 0.30 AC |
| Total Building Size | 28,750 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 7,188 SF |
| Lot Size | 0.30 AC |
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53-65 Stead St
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