70 Bridport StreetAlbert Park VIC 3206
Property Details for 70 Bridport St, Albert Park
Last Listing description (September 2023)
Stonebridge Property Group is pleased to present for sale 70-72 Bridport Street, Albert Park.
The key highlights of the opportunity include:
- The commanding Bridport Street investment spans across two separately accessed and well-designed office/retail buildings
- 100% leased to two longstanding and reputable tenancies (Finnis & Workplace Legal)
- Finnis is an award-winning Melbourne based designed studio/architecture firm who have occupied the property since 2011 whilst 'Workplace Legal' are an established practice specialising in industrial, employment and commercial law
- The highly functional buildings boast high ceilings, natural light, kitchen facilities, private office spaces and recently underwent a significant services (air-conditioning) upgrade
- Free on-street parking plus rear access and surplus on-title car parking provides an added level of convenience for tenants and customers
- Strategically located on the northern end of Bridport Street the retail backbone of Albert Park home to Mecca, Woolworths, Seed, Gorman, Vintage Cellars, Laurent Bakery, The Albert Park Hotel and more
- Albert Park is one of Melbourne's most affluent suburbs with an exuberant median house price of $2,404,000 and family income 79% higher than the Melbourne average a major drive for local trade and rental growth
- The property is positioned on the doorstep of the Melbourne CBD (2.1 km*), moments from the famed Albert Park Lake/Racetrack, Port Phillip Bay and just 800 m* from the internationally recognised South Melbourne Markets
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
Dylan Kilner
0459 396 341
Nic Hage
0448 782 594
Sarah Xi
0468 320 297
* Approximate
Property Code: 713
Property History for 70 Bridport St, Albert Park, VIC 3206
- 15 Jul 2024Sold for $2,100,000
- 20 Jul 2023Listed for Sale Asking Price: $2,499,999
- 07 May 2020Listed for Rent $42,000 / year
Recent sales nearby
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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 10.25% increase in median value, while Units have seen a -7.58% decrease. As at 31 March 2026:
- The median value for Houses in Albert Park is $2,390,574 while the median value for Units is $829,844.
- Houses have a median rent of $990 while Units have a median rent of $635.
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