277-287 King Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
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277-287 King Street
Melbourne VIC 3000

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Property Details for 277-287 King St, Melbourne

Building Type
Commercial
Local Government
Melbourne
Lot/Plan
1/TP401739

Last Listing description (December 2023)

Prominent Melbourne CBD Freehold Boutique Hotel Investment Opportunity

Hotel Sophia offers an incoming investor the ability to acquire a rare freehold hotel in the heart of the Melbourne CBD with outstanding value-add opportunities to:

Capitalise on Melbourne's tourism rebound;

Reposition and/or rebrand the hotel for ADR growth;
Explore development potential and/or more
comprehensive conversion of use.

Hotel Sophia is a seven-level hotel, with the top three levels newly constructed. The hotel offers dual frontages in a prominent corner position, with foyer and reception area located on the ground floor along with a large breakfast/dining room and the hotel's Golden Age Bar and Restaurant.

The hotel is located in a prime position on the corner of King and Little Lonsdale streets in the heart of Melbourne's West End, offering easy access to Melbourne's key demand generators including Marvel Stadium. The central location provides immediate proximity to transport options including the central Southern Cross Train Station, trams, and convenient access to the airport.

The property is notably being offered with vacant possession for sale via Expressions of Interest closing Tuesday 17th of October at 4pm AEDT.

For further information on this offering, please do not hesitate to contact the exclusive sales agents.

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Property History for 277-287 King St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$3,250,000
05 Aug 1988
  • 25 Sep 2023
    Listed for Sale Contact Agent
  • 20 Sep 2018
    Listed for Sale POA
  • 11 Jul 2016
    Listed for Sale Not Disclosed
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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 354 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2730 properties were sold in the past 12 months in Melbourne.

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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.

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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.

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