About this commercial property
Alternate search: Unit 1, 44 Caroline Street.
44 Caroline Street, South Yarra VIC 3141, Australia
Alternate search: Unit 1, 44 Caroline Street.
| Event | Date | Price | Price per m² |
|---|---|---|---|
| Sold | Mar 2014 | $1,250,000 | $5,458 |
| Sold | Feb 2010 | $880,000 | $3,842 |
| Sold | Feb 2006 | $600,000 | $2,620 |
| Sold | Feb 2000 | $350,000 | $1,528 |
| Sold | Sep 1988 | $2,930,000 | $12,794 |
Price per m² based on land size of 229 m².
The property sits on a 229 m² land parcel. This provides a compact footprint suitable for boutique‑scale commercial uses.
South Yarra is an inner‑city suburb situated about 4 km south‑east of Melbourne’s CBD, offering businesses quick access to the city centre.
The site is within walking distance of South Yarra railway station (served by the Pakenham, Cranbourne, Frankston and Sandringham lines) and tram routes 58, 72 and 78. Major bus routes also run along Commercial Road and Punt Road.
The property is adjacent to South Yarra’s main shopping strips on Chapel Street and Toorak Road, as well as nearby destinations such as The Jam Factory, Como Centre and the historic Prahran Market, all of which attract high foot traffic.
South Yarra’s commercial vibe centres on trendy, up‑market shopping, restaurants, nightclubs and cafe culture, making it well‑suited for boutique retail, lifestyle brands and hospitality concepts.
Key landmarks within a few hundred metres include the Jam Factory (an up‑market shopping and cinema complex) and the Como Centre, which houses offices and the headquarters of ATV‑10 and Global Television, offering potential for strong commercial exposure.