502/140 Bourke Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

502/140 Bourke Street
Melbourne VIC 3000

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2756m2
We do not have enough data to display the calculated estimate for this property.
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Property Details for 502/140 Bourke St, Melbourne

Building Type
Commercial
Land Size
2756m2
Local Government
Melbourne
Lot/Plan
502/PS428191

Last Listing description (November 2023)

Being based in the 'theatre district' of Melbourne's CBD, the premises is uniquely positioned to access high quality restaurants, cafes, retail, theatres and other nightlife.

Paramount Centre provides excellent car parking options and Southern Cross Lane has a substantial Australia Post outlet and other retail for tenants.


The premises will be offered as follows:
- Outstanding southern view south over Bourke Street
- Circa 100 sqm with a recent modern fitout
- Large private meeting room / office
- Boardroom
- Open plan work space
- Kitchenette (with water/waste)
- Data cupboard
- Shared reception with intercom access
- Signage opportunities
- Secure male and female amenities on the same level
- End of trip facilities in the building
- Virgin Active gym and pool available in the building

The building benefits from a tram spot immediately in front of the building with Parliament Train Station several metres up the road.

Please do not hesitate to call the exclusive leasing agents, for more details or to arrange an inspection time.

Property History for 502/140 Bourke St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$2,046,000
24 Jun 2015
Listed for Rent
$50k/w
24 Nov 2023
  • 24 Nov 2023
    Listed for Rent - Price not available
  • 24 Jun 2015
    Sold for $2,046,000
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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 64,279 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 248 properties listed for sale, and 362 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2744 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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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.