The Sovereign
6-10 Wells Street, Southbank VIC 3006
- 41 m tall · #80 in Southbank
- 13 floors
- 109 homes
- 1 businesses
- 181 car spaces
What's available here Add a listing link
| Looking to | In this building | Area guide | Search the building |
|---|---|---|---|
| Buy | — | Unit median $580,000 | realestate.com.au ↗domain.com.au ↗ |
| Rent | — | 1-bed median $570/wk | realestate.com.au ↗domain.com.au ↗ |
| Lease space | — | — | realcommercial.com.au ↗commercialrealestate.com.au ↗ |
Area guides are suburb medians, not this building's prices. Each link opens a Google search limited to that site.
30 years standing
- 1996Completed
- Aug 1996Construction started
- TodayStill standing
7 building permitsFull timeline ↓
About The Sovereign
The Sovereign is a mixed use building in Southbank, mainly residential, with 109 homes across 13 floors above ground. Central Equity was the developer, and the building was completed in 1996.
At a glance
Key facts
- Building type
- 🏬 Mixed use
- Completed
- 1996 Unconfirmed ?We don't have data to 100% confirm this data point as yet.
- Height
- 41 m Unconfirmed ?We don't have data to 100% confirm this data point as yet.
#80 of 190 in Southbank - Floors
- 13 Unconfirmed ?We don't have data to 100% confirm this data point as yet.
- Footprint
- 1,424 m²
- Homes
- 109 Unconfirmed ?We don't have data to 100% confirm this data point as yet.
- Businesses
- 1
- Car spaces
- 181
- Strata plan
- PS339680 · 113 lots
- Planning zone
- MUZ
- Permits on record
- 7
Score cards
Flinders Street Station 11 min walk · 5 tram stops within 400 m
7 cafés, 1 grocers, 1 medical within 250 m
175 street trees within 150 m · park 22 m away
2 licensed venues within 200 m
Calculated from PTV timetable stops, the City of Melbourne business census, street trees, pedestrian sensors and liquor licences.
Apartments
The council hasn't recorded a bedroom breakdown for The Sovereign.
🚗 181 residential car spaces recorded at this property, about 1.7 per home. Which apartments have a space isn't recorded, so check the listing.
City of Melbourne Development Activity Monitor and off-street car parks, CC BY 4.0.
The building team
The people and companies behind the design, construction and management of The Sovereign.
Location & neighbourhood
Getting around
Train station11 min · 843 m
Train station11 min · 846 m
Tram stop2 min · 174 m
Tram stop3 min · 259 m
Tram stop3 min · 266 m
Straight-line walking estimate. Source: PTV GTFS, CC BY 4.0.
Within a 3-minute walk
Who lives in Southbank
ABS Census 2016 via City of Melbourne (CC BY).
Being built nearby
No major projects in the pipeline within 600 m.
Prices and rents around here
Suburb and area medians, not this building's prices.
Prices: Victorian Property Sales Report, © State of Victoria (Department of Transport and Planning), CC BY 4.0.
Median weekly rents for new leases, Southbank
| Apartment | Median rent | Change in a year | Trend since Mar 2016 | New leases |
|---|---|---|---|---|
| 1 bedroom | $570/wk | +3.6% | 1,593 in the year to Sep 2025 | |
| 2 bedroom | $720/wk | +2.9% | 2,385 in the year to Sep 2025 | |
| 3 bedroom | $1010/wk | 0.0% | 355 in the year to Sep 2025 |
Source: Homes Victoria Rental Report, CC BY 4.0. Area medians, not this building's rents.
Businesses in The Sovereign
1 businesses recorded in the City of Melbourne's latest business census.
CitiPower
Looking for space in The Sovereign?
Timeline
Everything that has happened at The Sovereign: listings, news, works, planning and history.
Planning & heritage
Planning controls
DDO1Design and Development Overlay: limits on building height, setbacks and designDDO27Design and Development Overlay: limits on building height, setbacks and designDDO60Design and Development Overlay: limits on building height, setbacks and designDDO60-A6Design and Development Overlay: limits on building height, setbacks and designPO12Parking Overlay: controls on how much car parking new development can provideSBO4Special Building Overlay: mapped as at risk of overland stormwater floodingVicmap Planning, © State of Victoria (Department of Transport and Planning), CC BY 4.0. Plain-English summaries are ours. Check the planning scheme for exact controls.
Subdivision & permits
- Plan of subdivision
- PS339680
- Lots on the plan
- 113
- Owners corporation
- Not recorded
- Building permits on record
- 7
- Estimated cost of works
- About $19.0m
Costs are estimates declared on permits, not amounts spent. Stages of a project repeat its value, so we group them and count each project once. A value can cover a project spanning several buildings. Our calculation from City of Melbourne building permits, CC BY 4.0.
History of the site
How it's been recorded over time
City of Melbourne Census of Land Use and Employment, since 2002.
Community
What people say about The Sovereign in public forums and groups, and reviews left here.
Resident & tenant reviews
No reviews of The Sovereign yet. Be the first to tell future neighbours what it's like.
Reviews are checked before they're published. No one is named without permission.
Rate and review The Sovereign
Frequently asked questions
Is The Sovereign residential or commercial?
The Sovereign mixes homes and businesses under one roof. The City of Melbourne lists its main use as residential apartment.
When was The Sovereign built?
The Sovereign was completed in 1996.
How many floors does The Sovereign have?
The Sovereign has 13 floors above ground.
How many apartments are in The Sovereign?
The Sovereign has 109 homes. The national address file lists 124 unit addresses here, and some of those can be shops or offices.
Does The Sovereign have parking?
The City of Melbourne records 181 residential car spaces at this property. Which apartments have a space isn't recorded, so check the listing.
What do apartments cost near The Sovereign?
The median unit price in Southbank was $580,000 in 2025, from the Victorian Property Sales Report. That's for the whole suburb, not this building.
What businesses are in The Sovereign?
The latest council census counted 1 business in The Sovereign, including CitiPower.
Are there apartments for sale or rent in The Sovereign?
See the residential listings on this page, or use the shortcuts to search 6-10 Wells Street on realestate.com.au and Domain.
Is there office or retail space for lease in The Sovereign?
See the commercial listings on this page, or search this address on realcommercial.com.au and commercialrealestate.com.au.
Who designed and built The Sovereign?
Central Equity developed The Sovereign. The building team section has the sources.
How tall is The Sovereign?
About 41 metres, measured from the City of Melbourne's 3D building model. It's number 80 of 190 buildings in Southbank by height.
What public transport is near The Sovereign?
Flinders Street Station is the nearest train station, about 11 minutes' walk. The nearest tram stop is Grant St/Sturt St #18, about 2 minutes' walk.
What is the planning zone for The Sovereign?
The site is in the Mixed Use Zone (MUZ).
Does The Sovereign have an owners corporation?
Plan of subdivision PS339680 has 113 lots.
Has any work been done on The Sovereign recently?
The City of Melbourne has issued 7 building permits for The Sovereign since 1994. The most recent was in January 2025.
Compare with nearby buildings
| Building | Type | Distance | Floors | Completed |
|---|---|---|---|---|
| The Sovereign | Mixed use | — | 13 | 1996 |
| The IAN Potter Southbank Centre | Commercial | 213 m | 11 | 2018 |
| Guild Apartments | Mixed use | 241 m | 26 | 2013 |
That's Built compiles information from public records, research and contributions. Details are checked against multiple sources where possible but may contain errors and aren't professional advice. Sources: City of Melbourne building permits (CC BY 4.0), CLUE building information (CC BY 4.0), CLUE business establishments (CC BY 4.0), CLUE residential dwellings (CC BY 4.0), Geocoded National Address File (G-NAF) (Open G-NAF EULA (CC BY 4.0 based)). Street View and business details © Google Maps.