87 Dundas Place, Albert Park, VIC 3206 | Property Value & History | OnTheHouse
 
OFF MARKET

87 Dundas Place
Albert Park VIC 3206

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 452m2
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Property Details for 87 Dundas Pl, Albert Park

Building Type
Commercial
Land Size
452m2
Local Government
Port Phillip
Lot/Plan
1/PS633620

Last Listing description (November 2023)

Fitzroys is delighted to offer for sale this trophy retail investment located in the highly sought after and popular shopping strip of Albert Park Village via on site Auction on Friday 1st December at 12pm.

This high-profile opportunity provides investors with the rare chance to acquire a sought-after investment with the benefit of a long-term lease to one of Melbourne's leading independent grocers Gum Tree Good Food.

The key attributes of this opportunity include:

- Situated in the highly desirable Albert Park Village shopping precinct one of Melbourne's best shopping strips known for its long history of low vacancies and strong rental levels.
- Substantial ground floor retail showroom with basement accessed via internal staircase and goods lift totalling 348sqm*
- New 7 + 7 + 7 year lease to well-established tenant Gum Tree Good Food est. 2009
- Rent: $300,000* per annum plus GST and outgoings
- Fixed annual increases
- Ultra-low Land Tax exposure
- Three (3) car spaces on title
- Super prime position between Montague Street roundabout and Faussett Street, perfectly set back behind Dundas Place Reserve.
- Strong foot traffic precinct and located amongst other leading national/local retailers and venues including Albert Park Hotel, MECCA (new flagship under construction), Dundas Faussett, Husk, Country Road, Woolworths, Pony Boy, Neds Bake, Flannel, Laurent and more.
- Abundance of public car parking available and underpinned by excellent transport services and a strong local demographic.
87-89 Dundas Place, Albert Park presents an outstanding opportunity to acquire a sought-after retail investment providing the successful purchaser a trophy investment within a premier shopping strip.

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Property History for 87 Dundas Pl, Albert Park, VIC 3206

A timeline of how this property has performed in the market
  • 31 Oct 2023
    Listed for Sale Contact Agent
  • 11 May 2015
    Listed for Rent $495 / week
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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 2 properties listed for rent in Albert park on OnTheHouse. According to Cotality's data, 168 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.

Disclaimer
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