About this property
The site at 187 Ferrars Street occupies a land parcel of 159 m². It was sold for $2,560,000 on 29 Jun 2023
Residential Property
187 Ferrars Street
Southbank VIC 3006, Australia
2Bedrooms
-Bathrooms
-Parking
159 m²Land size
-Internal area
$2,560,000Last sale (2023)
Key details
- Locality
- Southbank
- State
- VIC
- Coordinates
- 37.83042821 / 144.95405495
- GNAF PID
- GAVIC412338381
- Legal parcel ID
- 2\PS431184
- Remoteness area
- Metro
- Property type
- Industrial
- Land size
- 159 m²
- Internal area
- -
- Land Use Category
- Industrial
Market estimates
Based on curated rent estimate.
Confidence ratings show how closely the estimate matches the comparable property data we currently have.
High confidence
There is a stronger pool of recent, relevant comparison data and the subject property lines up closely with those comparable properties.
Medium confidence
There is a reasonable amount of comparison data, but the closest matches may vary more in type, size, timing or location.
Low confidence
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.
Expected weekly rent
$932
Confidence
Medium
Based on the comparable property evidence currently available.
Sales history
| Event | Date | Price | Price per m² |
|---|---|---|---|
| Sale | 29 Jun 2023 | $2,560,000 | $16,100 |
| Sale | 4 Nov 2016 | $2,150,000 | $13,522 |
| Sale | 23 Mar 2010 | $225,000 | $1,415 |
| Sale | 15 Jul 2002 | $1,230,000 | $7,735 |
Price per m² based on land size of 159 m².
Real Estate Agencies
Ordered by:
* Approximate straight-line distances
Nearby schools
Type:
Ordered by:
South Melbourne Primary School
0.1 km
Primary school | Government
Galilee Regional Catholic Primary School
0.6 km
Primary school | Independent
Hester Hornbrook Academy - South Melbourne
0.8 km
Special school | Independent
Victorian College of the Arts Secondary School
1.0 km
Secondary school | Government
Youth2industry College
1.3 km
Secondary school | Independent
Melbourne Grammar School
1.8 km
Combined school | Independent
Melbourne Grammar School - Wadhurst Campus
1.8 km
Combined school | Independent
Albert Park College-Performing Arts Centre (Interim Name)
1.4 km
Secondary school | Government
Seda College (Victoria) - Sailing - Albert Park
1.5 km
Secondary school | Independent
Seda College (Victoria) - Msac Function Room
1.6 km
Secondary school | Independent
Macrobertson Girls High School
1.7 km
Secondary school | Government
* Approximate straight-line distances
Frequently asked questions
What is the land size of the commercial property at 187 Ferrars Street?
The site consists of 159 m² of land, offering a compact footprint for development or fit‑out
How well is the property served by public transport?
It is within about 0.3 km of multiple tram stops and light‑rail stations, with routes 1, 12, 58, 96 and 109 running through Southbank, providing easy access from the CBD and surrounding suburbs
Which major roads and highways provide vehicle access to the property?
The West Gate Freeway runs along the southern border of Southbank with several interchanges, and key arterials such as Kingsway, Clarendon Street, City Road and Queensbridge/Moray Street are all nearby, offering direct links to the Melbourne CBD and regional network
What type of businesses thrive in the Southbank area?
Southbank is a primary business centre hosting headquarters of major corporations like Treasury Wine Estates, Crown Resorts and Incitec Pivot, as well as a large concentration of office space, making it ideal for corporate, professional and service‑based firms
What nearby amenities could benefit a commercial tenant at this location?
The property is close to the Southbank Promenade, Southgate shopping and restaurant precinct, Crown Casino entertainment complex, and a range of cafés and retail outlets, providing ample amenities for employees and visitors
Is the location suitable for both office and retail use?
Yes – being only about 1 km from Melbourne’s CBD, with high foot traffic, strong transport links and a vibrant business environment, the site is well‑positioned for office operations as well as street‑level retail or service concepts
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