350 Spencer Street, West Melbourne, VIC 3003

Retail | Showrooms

Leased

  • Property ID: 443854
  • Floor Area: 384m²
  • Land Area: 392m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Leased 01/07/2024 384m2 392m2 Contact Agent
UNMISSABLE LANDMARK CORNER

POINT OF INTEREST:
There’s the city fringe, and then there’s 350 Spencer Street — a dynamic corner site on the north-west side of the CBD. The 384 sqm* has been occupied by Beaurepaires Tyre Service , servicing the area for several years with the spacious stretch of land and a generous dual frontage signage opportunity. Thanks to the current fit-out, any mechanic, tyre shop, or retail showroom operator would benefit from the dual-street access, triple roller shutter door, and air-conditioned office setup. And the foot traffic is almost as impressive as the car kind. Queen Victoria Markets, the DFO, and Flagstaff Gardens are all within walking distance, while La Trobe Street trams are 120 m* away, and Southern Cross railway station is a little further at 360 m*.

- 384 sqm* total building and land area.
- Corner site with frontages over 24 m* to Spencer St. & 14m* to Jeffcott Street.
- Fit for mechanical repairs, auto shops, or retail showrooms (STPA).
- Dual access with three roller shutter doors.
- 120 m* to La Trobe Street trams.
- 360 m* to Southern Cross railway station.
- 1.5 km* to the Citylink.

POINT OF VIEW:
It’s so high profile that it would cost more to secure a billboard within this location for the year. Lease two billboards for the price of one, whilst running your business here at the same time.


*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Immediate
  • Car Spaces: NA
  • Condition: Very Good
  • Air Conditioning: Offices
  • Floors: Concrete
  • Lifts: NA
  • Height: Various
  • Car Parking Fees: NA
Outgoings
  • Water Rates: $1,604.00
  • Land Tax: TBA
  • Council Rates: $15,425.00
  • Owners Corp. / Insurance: NA
West Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $6187 $341 5.51%
Industrial $4408 $286 6.48%
Retail $6562 $252 3.84%
This is the average advertised price, rent and yield for West Melbourne, VIC 3003*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Lease

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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