308 Russell Street, Melbourne, VIC 3000 | Commercial for sale | OnTheHouse
 
FOR SALE
Contact Agent

308 Russell Street
Melbourne VIC 3000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 90m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Prime Melbourne CBD Office Investment with Future Owner-Occupier Potential

Secure a premium commercial investment in one of Melbourne CBD's most tightly held locations.
Prominently positioned on Russell Street, this well-presented office enjoys an outstanding CBD address surrounded by Melbourne's legal, financial and education precincts. With excellent street exposure and immediate access to Parliament Station, Bourke Street Mall, Chinatown and major tram routes, the location offers exceptional convenience for both tenants and future owner-occupiers.
Currently leased until 30 April 2030, the property returns $62,100 + GST (Gross) with attractive 3.5% fixed annual rental increases, providing investors with a secure and growing income stream. A further 5-year option offers additional flexibility and long-term security.
Upon lease expiry, purchasers have the flexibility to occupy the premises for their own business, making this an ideal acquisition for investors, SMSFs and future owner-occupiers alike.
The office comprises approximately 90sqm and features a functional layout including a reception area, meeting room, private offices, kitchen, WC and server room.
A highly sought-after secure car space is available on a separate title, offering purchasers the flexibility to acquire the office with or without the car park. Additional car spaces may also be available by request, providing further convenience for owner-occupiers and businesses requiring extra parking.
Investment Highlights
• Prime Melbourne CBD location with prominent Russell Street frontage
• Approx. 90sqm quality office
• Secure lease to 30 April 2030
See More

Property Details for 308 Russell St, Melbourne

Building Type
Commercial
Floor Size
90m2
Commute Calculator

About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. There are 9 parks, covering nearly 2.5% of the total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 64,473 properties. Over the last 5 years, Houses in Melbourne have seen a -13.97% decrease in median value, while Units have seen a -2.46% decrease. As at 30 June 2026:

  • The median value for Houses in Melbourne is $1,470,997 while the median value for Units is $440,978.
  • Houses have a median rent of $710 while Units have a median rent of $680.
There are currently 308 properties listed for sale, and 194 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2579 properties were sold in the past 12 months in Melbourne.

Melbourne Profile Page

Suburb Insights for Melbourne 3000

Visit Melbourne profile page
Market Insights
Melbourne Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Melbourne Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Melbourne profile page
Contact agent
agent headshot
Mark Giuliano
Show contact details
Call agent
agent headshot
Sophia Zhu
Show contact details
Call agent
Melcorp Property
Preferred contact:
Privacy Policy
Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED