5/221-231 Queen Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
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5/221-231 Queen Street
Melbourne VIC 3000

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Property Details for 5/221-231 Queen St, Melbourne

Building Type
Commercial
Year Built
1980
Local Government
Melbourne
Lot/Plan
5/SP31878

Last Listing description (November 2023)

Exceptional Property in the Heart of CBD available FOR LEASE

Reliance Commercial is delighted to offer an exceptional shop/retail property for Lease in the heart of Melbourne CBD. Don't miss this incredible opportunity to own a premium 84 sqm strata retail boutique located right in the bustling CBD office precinct. With its double doors and bi-fold windows, this shop offers a welcoming and inviting ambiance.

The space is air-conditioned and well-lit, ensuring a comfortable and attractive shopping environment for customers. Boasting an impressive 4.5-meter frontage to Queen Street, this property enjoys excellent visibility and foot traffic.

Situated amidst a vibrant retail scene, the boutique is neighboured by popular establishments such as Caterina's Cucina E Bar, Queensmith Baretto, 7Eleven, and The Victorian Institute of Technology. The outstanding signage and exposure to Queen Street further enhance the potential for business success.

- Approx 84 SQM floor area.
- 4.5 Meter frontage on Queen Street
- Located directly across from 200 Queen Street carpark
- Well serviced by public transport with buses, trains, and trams all within 5-minute walk
- Available Immediately

The building itself has a rich history and character, having been the former "Law Development's" Building, constructed in the 1970s. This unique charm adds to the appeal of the retail space, making it an exceptional investment opportunity.

Feel free to reach out if you have any queries and contact Shivam Sethi 0424 251 835 and Aman Haryani 0433 684 093.

*All dimensions are approximate.

Disclaimer: Vendor / Agency or Agent representative will not be held responsible for any errors or mis descriptions whatever that appears. All prospective purchasers / lessees are advised to take their own necessary measurements, permit & council checks, research & their own diligence before entering into any agreements. No part of this work may be copied, reproduced or use of photos copyrights.

Interested parties should conduct their due diligence prior to making any submissions.

Due Diligence Checklist -http://www.consumer.vic.gov.au/duediligencechecklist

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Property History for 5/221-231 Queen St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$1,496,000
21 Jul 2022
  • 24 Aug 2023
    Listed for Rent - Price not available
  • 21 Jul 2023
    Listed for Sale Contact Agent
  • 21 Jul 2022
    Sold - Price Undisclosed
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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 64,243 properties. Over the last 5 years, Houses in Melbourne have seen a 33.17% increase in median value, while Units have seen a -4.37% decrease. As at 28 February 2026:

  • The median value for Houses in Melbourne is $1,808,781 while the median value for Units is $436,528.
  • Houses have a median rent of $650 while Units have a median rent of $675.
There are currently 248 properties listed for sale, and 178 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2770 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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