527-531 Spencer Street, West Melbourne, VIC 3003

Showrooms | Offices | Development/Land

For Sale

  • Property ID: 446669
  • Floor Area: 586m²
  • Land Area: 569m²
  • Occupancy: Vacant
POLISHED AND HIGHLY IMPRESSIVE ON SPENCER.

Exposed original brickwork, polished concrete floors, and blankets of natural light — this West Melbourne workplace sits in an (asset) class of its own. The floor plan is extensive and designed to nail first impressions, much like the 14 m* of frontage to Spencer Street. 569 sqm* of land area, 586 sqm* of building area, and one highly specified renovation have led to the potential here for dual occupancy or one ambitious business. There’s a modern kitchen, male and female bathrooms, heating and cooling throughout, high grade security, automated Velux skylights with natural air ventilation, plenty of on-street parking, and roller door access from the laneway off Stanley Street. ALDI sits directly opposite this property, catering to the growing residential crowd. There’s also Arko Furniture, Harley-Heaven, Fort Knox Self Storage, and Coles. Walk 450 m* and you’ll get to the 57 tram stop, taking you into the CBD in 10 minutes. For a shorter walk, the 216 bus stops right outside your door, or to catch a menu of train lines, the 650 m* walk from North Melbourne railway station is about as convenient as it gets. As for commuting on four wheels, you’re 1.3 km* from the Citylink, 2 km* from the West Gate Freeway, and 400 m* from Victoria Parade.

- Opportunity to occupy, invest or consider your current or future development options.
- Total building area of 586 sqm* with high specification renovation.
- Total land area of 569 sqm*
- Special Use Zone (SUZ6).
- Frontage of 14 metres* to Spencer Street.
- Side roller door access from Stanley Street.
- Lane access along the northern boundary.
- Off-street vehicle parking.
- Just 1km* to CBD.
- A short walk of 650 m* to North Melbourne railway station.
- Close proximity to Arden Precinct, a 44 hectare urban renewal area.

POINT OF VIEW:
With extremely limited stock, and next to no competitors on the market, there’s no substitute for a beautifully (ad)dressed building.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: 90/120 days
  • Car Spaces: Internal and on street
  • Condition: Excellent
  • Air Conditioning: Yes
  • Floors: Concrete / Timber
  • Lifts: N/A
  • Height: Various
  • Age: Recently refurbished
Outgoings
  • Water Rates: $777.95
  • Land Tax: $30,330 (single holding)
  • Council Rates: $9,107.31
  • Owners Corp. / Insurance: NA
West Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $4408 $291 6.60%
Retail $6069 $252 4.15%
Offices $5796 $343 5.92%
This is the average advertised price, rent and yield for West Melbourne, VIC 3003*
* 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.
Floorplans

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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