125 Dundas Place, Albert Park, VIC 3206 | Property Value & History | OnTheHouse
 
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125 Dundas Place
Albert Park VIC 3206

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Bathrooms: -
Car spaces: -
Land area: 220m2
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Property Details for 125 Dundas Pl, Albert Park

Building Type
Commercial
Land Size
220m2
Local Government
Port Phillip
Lot/Plan
1/TP894553

Last Listing description (February 2021)

Knight Frank are delighted to offer for sale via Auction this securely leased prime retail investment in one of Melbournes most tightly held precincts.

125 Dundas Place, Albert Park has the following key investment features:


- Secure lease to cosmetic giant MECCA Brands Pty Ltd
- New 5+5 year lease expiring 2027
- Net income of $107,687* p.a.
- Annual CPI rental increases
- Building area of 141 sqm*, with a land area of 218 sqm*
- ROW access with rear car parking
- Flexible commercial 1 zoning
- Long term tenant

This generational asset is located within the tightly held Albert Park Village and surrounded by affluent retail and residential amenity. Albert Park is located only 3km from the Melbourne CBD and has a median house price of $2,425,000. This prestigious suburb is situated in the municipality of Port Phillip and is home to the Formula One Grand Prix, an internationally recognised event.

The property will be open for inspection on Monday's and Wednesdays between 10:30am - 11:00am each week, alternatively an inspection can be arranged by appointment.

125 Dundas Place, Albert Park is being sold via a public on-site Auction to be conducted on Friday the 31st August at 12noon.

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Property History for 125 Dundas Pl, Albert Park, VIC 3206

A timeline of how this property has performed in the market
Last Sold
$3,855,000
31 Aug 2018
  • 31 Aug 2018
    Sold for $3,855,000
  • 01 Aug 2018
    Listed for Sale Auction 31/08/18
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About Albert Park 3206

The size of Albert Park is approximately 2.8 square kilometres. It has 10 parks covering nearly 55.1% of total area. The population of Albert Park in 2016 was 6215 people. By 2021 the population was 6044 showing a population decline of 2.8% in the area during that time. The predominant age group in Albert Park is 50-59 years. Households in Albert Park are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Albert Park work in a professional occupation.In 2021, 60.80% of the homes in Albert Park were owner-occupied compared with 58.90% in 2016.

Albert Park has 3,646 properties. Over the last 5 years, Houses in Albert Park have seen a 16.33% increase in median value, while Units have seen a 3.64% increase. As at 31 December 2025:

  • The median value for Houses in Albert Park is $2,454,155 while the median value for Units is $885,928.
  • Houses have a median rent of $983 while Units have a median rent of $628.
There are currently no properties listed for sale, and 3 properties listed for rent in Albert park on OnTheHouse. According to Cotality's data, 167 properties were sold in the past 12 months in Albert park.

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© 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.

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