138 Bourke StreetMelbourne VIC 3000
Property Details for 138 Bourke St, Melbourne
Last Listing description (October 2023)
"An unparalleled Melbourne CBD East End investment"
CBRE are delighted to present to the market for sale, "Virgin Active" at 138 Bourke Street, Melbourne. The iconic opportunity boasts a fifteen (15) year net lease with options to one of the world's most recognised brands as well as the following key features:
* 4,816 sqm* of prime CBD space
* Net lease structure, subject to 3.5% fixed annual increases
* Substantial depreciation tax benefits
* Attractive total return
* Purchasing significantly below replacement cost
* Net income of $1,713,000* with a 12 month bank guarantee
The property is being offered for sale by Expressions of Interest closing 5:00pm Thursday 29th August, 2013 through the offices of CBRE.
*approx
Property History for 138 Bourke St, Melbourne, VIC 3000
- 09 Nov 2020Listed for Sale SOLD - Price Withheld
- 13 Jul 2017Sold for $33,960,000
- 19 Nov 2013Sold for $20,000,000
Recent sales nearby
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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 64,254 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:
- The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
- Houses have a median rent of $700 while Units have a median rent of $672.
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