South Melbourne VIC 3205, Australia
Also written as Unit 21, 1 Sandilands Street.
Based on curated rent estimate.
Confidence ratings show how closely the estimate matches the comparable property data we currently have.
There is a stronger pool of recent, relevant comparison data and the subject property lines up closely with those comparable properties.
There is a reasonable amount of comparison data, but the closest matches may vary more in type, size, timing or location.
There are fewer recent comparable properties available, or the known examples are less similar to the subject property.
These figures are estimates and broad indications only. They are generated from recorded property attributes and available third-party market data, without a physical inspection of the property.
They are not a professional valuation, appraisal, legal opinion or financial recommendation. No person should rely on them as the sole basis for a purchase, sale, lease, lending or investment decision.
Yardize does not guarantee the accuracy or completeness of any rent estimate, value estimate, range or confidence score, and no legal claim can be made against us for reliance on this information.
Based on the comparable property evidence currently available.
| Event | Date | Price | Price per m² |
|---|---|---|---|
| Sale | 5 Oct 2023 | $1,180,000 | — |
| Sale | 13 Jul 2018 | $955,000 | — |
| Sale | 27 May 2010 | $685,000 | — |
| Sale | 23 May 2001 | $400,000 | — |
The site sits on a 1,346 m² land parcel, providing ample space for development or expansion. It is located at 21/1 Sandilands Street in South Melbourne
The property includes two dedicated parking spaces, which can support staff and client vehicles. Additional street or nearby parking may also be accessible
South Melbourne is serviced by tram routes 1, 12, 58 and 96, with stops such as Wells St/Park St and Moray St/Park St just 0.4‑0.5 km away. Anzac railway station is also nearby, providing convenient train access
The property is close to the main commercial district centred on Clarendon Street and the South Melbourne Market, offering a range of retailers, cafés, eateries and art galleries. Additional amenities include a post office, police station, hotel and multiple tram stops within 0.5 km
Being only about 3 km south of Melbourne’s CBD and part of an established inner‑city suburb, the site offers high foot traffic, strong transport links and proximity to other businesses, making it well‑suited for retail, office or light‑industrial operations
Within roughly 0.5 km are Lakeside Stadium, Lake Oval and the See Yup Chinese temple, providing potential partnership or promotional opportunities for businesses seeking community visibility
South Melbourne features well‑preserved Victorian streetscapes and several heritage‑listed sites, adding character to the area and appealing to businesses that value a historic and vibrant setting
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