1/28-32 Elizabeth Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

1/28-32 Elizabeth Street
Melbourne VIC 3000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1825m2
Land area: 356m2
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Property Details for 1/28-32 Elizabeth St, Melbourne

Building Type
Commercial
Floor Size
1825m2
Land Size
356m2
Local Government
Melbourne
Lot/Plan
1/PS617983

Last Listing description (April 2017)

Eight (8) contiguous whole floors with high ceilings and exceptional natural light throughout
Fully leased until 2023 with options
Total income of $830,000 with fixed 4.00% annual rental increases

Major strategic redevelopment potential with highly flexible floor plates allowing for office/?retail/?residential/?hotel reconfiguration, or construction of additional levels (STCA)
AAA+ Melbourne CBD Location in the heart of the Elizabeth Street Retail Precinct between Flinders Lane & Flinders Street
Over 200,000 pedestrians walk through this strategic Melbourne CBD Precinct daily - Located directly across from Flinders Street Train Station
PRIVATE SALE
To arrange a personal inspection or for further information please contact the exclusive sales & marketing agents CBRE Melbourne City Sales
Tom Tuxworth
+61 410 988 960
Josh Rutman
+61 411 273 746
Nick Lower
+61 414 259 494
Tim Last
+61 437 070 300
approx*

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Property History for 1/28-32 Elizabeth St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$9,900,000
30 Nov 2007
  • 09 Nov 2016
    Listed for Sale Not Disclosed
  • 30 Nov 2007
    Sold for $9,900,000
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of 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 64,290 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:

  • The median value for Houses in Melbourne is $2,044,589 while the median value for Units is $436,832.
  • Houses have a median rent of $640 while Units have a median rent of $670.
There are currently 240 properties listed for sale, and 363 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2737 properties were sold in the past 12 months in Melbourne.

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