322 Russell Street, Melbourne, VIC 3000 sold on 29 May 2026 | OnTheHouse
 
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Sold on 29 May 2026 - Price Unavailable

322 Russell Street
Melbourne VIC 3000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 333m2
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Property Details for 322 Russell St, Melbourne

Building Type
Commercial
Floor Size
333m2

Last Listing description (May 2026)

Address: Corner of Russell & La Trobe Streets, Melbourne CBD

Positioned in one of Melbourne's most dynamic and high-demand commercial precincts, this outstanding dual-level office space offers an exceptional opportunity for both investors and future owner-occupiers. Located just steps from Melbourne Central, QV Shopping Centre, RMIT, and Chinatown, the property benefits from heavy foot traffic and unrivaled accessibility.

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🔑 Key Features:
• Total Building Area: Approx. 333 sqm across two spacious levels
• Dual Access: Offers the convenience of two separate entrances, enhancing flexibility for multi-tenant use or client access
• Prime Location: Corner position with direct street frontage and excellent exposure
• Flexible Usage: perfect for investors seeking a stable, income-generating asset. Also ideal for owner-occupiers planning for future use or business expansion
• Surrounding Amenities: steps from Melbourne Central, QV Melbourne, RMIT, and Chinatown. Easy access to public transport and major tram routes

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💼 Why Invest:
• Prime CBD address in a high-demand commercial zone
• High exposure and visibility from both La Trobe and Russell Streets
• Suitable for a range of businesses
• Dual-level layout and two entry points make it adaptable for split tenancies or client-facing operations
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Separate car parks are available for purchase as an optional extra.

📞 Contact us today to arrange a private inspection or request further information.

Quality commercial opportunities like this in the CBD are rarely available – don't miss out!

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Property History for 322 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
29 May 2026
  • 13 Feb 2026
    Listed for Sale Contact Agent
  • 07 Oct 2025
    Listed for Sale Contact Agent
  • 11 Jun 2025
    Listed for Sale Contact Agent
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. There are 9 parks, covering nearly 2.5% of the 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 64,370 properties. Over the last 5 years, Houses in Melbourne have seen a 1.23% increase in median value, while Units have seen a -5.07% decrease. As at 31 May 2026:

  • The median value for Houses in Melbourne is $1,426,624 while the median value for Units is $434,769.
  • Houses have a median rent of $718 while Units have a median rent of $680.
There are currently 301 properties listed for sale, and 200 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2612 properties were sold in the past 12 months in Melbourne.

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