189-191 King Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

189-191 King Street
Melbourne VIC 3000

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 187m2
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Property Details for 189-191 King St, Melbourne

Building Type
Commercial
Land Size
187m2
Local Government
Melbourne
Lot/Plan
1/TP85273

Last Listing description (September 2021)

An exceptional two (2) level CBD freehold retail building with 7.5m* of prime street frontage and rear laneway access

Offered with Vacant Possession with a flexible open plan retail floor plate offering 371 sqm* of building area with oversized ceiling heights and abundance of natural light

Presenting enormous value-add opportunities perfectly suited for restaurant, bar, or flagship entertainment venue with scope for additional levels or rooftop activation (STPA)

Located in the heart of Melbourne's booming western core surrounded by major office, hotel and residential towers and in direct proximity to Bourke Street tram stop and Southern Cross metropolitan train station

Over $2bn worth of residential, commercial and mixed-use developments set to transform the precinct forever

FOR SALE VIA PUBLIC ON-SITE AUCTION ON FRIDAY 8TH JUNE 2018 AT 12.30PM

For more information please contact the exclusive sales and marketing agents:

Alex Brierley
+61 447 974 447

Max Ruttner
+61 425 799 942

Josh Rutman
+61 499 881 202

Jing Jun Heng
+61 411 059 116

Property History for 189-191 King St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$5,849,800
08 Jun 2018
Listed for Rent
14 Aug 2019
  • 02 Sep 2021
    Listed for Sale SOLD - Price Withheld
  • 02 Dec 2019
    Listed for Sale $5,318,000
  • 15 Jul 2019
    Listed for Rent - Price not available
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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 64,288 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 246 properties listed for sale, and 357 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2745 properties were sold in the past 12 months in Melbourne.

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.