514 Little Bourke Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

514 Little Bourke Street
Melbourne VIC 3000

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1613m2
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Property Details for 514 Little Bourke St, Melbourne

Building Type
Commercial
Year Built
2014
Land Size
1613m2
Local Government
Melbourne
Lot/Plan
7/PS648185

Last Listing description (April 2023)

Gross Area: 74 sqm approx plus outdoor seating

Affordable corner retail opportunity with Liquor licence suitable for licenced cafe or other retail use.


Fully equipped, ready to start business or remodel for any other retail use.

Situated on the ground floor of "The William" a premium residential tower of 443 apartments, 87 hotel rooms and commercial office space.

This is a turn key opportunity for the astute business operator for this high exposure street facing property supported by William Court & Goldsbrough village arcades.

AAA+ central CBD location in the heart of Melbourne's legal precinct serviced by a dense catchment of office workers and CBD residents.

$59,500 per annum plus outgoings plus GST

Property History for 514 Little Bourke St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$1,550,000
06 Sep 2018
Listed for Rent
$862/w
17 Apr 2023
  • 01 Aug 2022
    Listed for Rent $45,000 / year
  • 06 Sep 2018
    Sold for $1,550,000
  • 03 Aug 2018
    Listed for Sale Please contact agent
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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 64,268 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:

  • The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
  • Houses have a median rent of $700 while Units have a median rent of $672.
There are currently 273 properties listed for sale, and 169 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2687 properties were sold in the past 12 months in Melbourne.

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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.