42-44 King Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

42-44 King Street
Melbourne VIC 3000

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 234m2
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Property Details for 42-44 King St, Melbourne

Building Type
Commercial
Land Size
234m2
Local Government
Melbourne
Lot/Plan
1/TP122291

Last Listing description (November 2023)

JLL Melbourne CBD Sales has the exclusive privilege of offering for sale the most remarkable collection of Melbourne CBD freeholds to be presented to the open market in recent history.

Being offered in one line is a quartet of distinguished Melbourne CBD freeholds between Collins Street and Flinders Lane, surrounded by the city's elite commercial, residential and hospitality offerings.

A grand opportunity to define a burgeoning precinct, the key details of this truly unique opportunity include:

+ Four irreplaceable freeholds positioned on a highly prominent Melbourne CBD corner
+ Historic and character-filled buildings boasting a combined triple fronted landholding of 1,487sqm*
+ Flexibility to create a larger offering or capture the identity of each individual building
+ Capital City zoning provides for a full array of potential uses both within and above the existing buildings (STCA)
+ Set within a precinct endorsed by the world's finest commercial, technology, hospitality and retail operators
+ Surrounded by over 400,000sqm* of premium grade office space including the brand new 555 Collins Street and Rialto Towers
+ The immediate catchment sees 35,000+ workers* on a daily basis, as well as a plethora of tourists, shoppers and local residents
+ A once-in-a-generation opportunity to secure the most prized real estate corner in this booming precinct

*Approx.

To obtain further information, please contact the exclusive selling agent.

Josh Rutman | 0411 27 37 46
Nick Peden | 0402 011 266
Will Connolly | 0432 116 287
Mingxuan Li | 0498 688 998

An unprecedented collection of Melbourne CBD freeholds
Four (4) adjoining historic buildings
Triple street fronted exposure with endless potential

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Property History for 42-44 King St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$8,690,000
04 Apr 2020
  • 20 Sep 2023
    Listed for Sale Contact the JLL Melbourne CBD Sales Agents
  • 04 Apr 2020
    Sold for $8,690,000
  • 04 Apr 2020
    Sold for $8,495,000
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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 64,286 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.

Disclaimer
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