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

516 Little Bourke Street
Melbourne VIC 3000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 61m2
Land area: 1613m2
We do not have enough data to display the calculated estimate for this property.
Save

Property Details for 516 Little Bourke St, Melbourne

Building Type
Commercial
Year Built
2014
Floor Size
61m2
Land Size
1613m2
Local Government
Melbourne
Lot/Plan
6/PS648185

Last Listing description (August 2023)

The Leasing Agency is pleased to present for lease a conveniently positioned hospitality-friendly retail tenancy at 516 Little Bourke Street in Melbourne's CBD.

The key highlights of this opportunity include:


+ Located on the ground floor of "The William" residential tower containing 531 apartments

+ Rare opportunity to lease a fully-fitted restaurant that is ready for trade with an existing kitchen and equipment

+ Recently renewed outdoor dining and liquor license permits

+ Internal building area of 61sqm* plus generous lobby seating as well as an outdoor dining area fronting Little Bourke Street (9,000* pedestrians daily)

+ Benefits directly from commuter traffic to and from Southern Cross Station

+ Long lease with attractive terms available for a qualified tenant with a proven track record

+ Legal Precinct surrounded by a multitude of high-density and recently improved office buildings including 530 Collins Street and Rialto

*approx.
---

The Leasing Agency strives to provide the most attentive services on the market.

Here's how we can assist:

Tenant Representation

The Leasing Agency has represented high-profile occupiers in all sectors of the commercial market. We leverage our expertise and relationships to help you form a growth strategy that gives you the edge to secure opportunities for the right price and on the right terms.

Lease Assignment

Whether your business is upsizing, downsizing or relocating, The Leasing Agency can assist with developing an exit strategy that minimises liability. By providing lease disposal advice and managing the marketing and documentation process, we can guide you through the lease assignment process while eliminating your risk exposure.

Business Brokerage

By appointing The Leasing Agency to sell your business, you gain access to our extensive network of local and international clients who are always on the lookout for fresh opportunities. Our comprehensive service ensures you maximise the sale price of your business - from effective marketing and careful negotiation through to the final handover process.

Renewal Negotiation

The lease renewal process can be stressful for many businesses and negotiating the right terms for the coming years is critical for the ongoing success. The Leasing Agency is associated with a number of industry-leading valuers who offers expert advice throughout the renewal negotiation process with strong supporting evidence to back our claim.

Leasing Services

The Leasing Agency is the acknowledged market leader in commercial leasing. Our attentive services, tireless work ethic and balanced approach have earned us the reputation of leasing experts. We pride ourselves in being leasing specialists and this focus has distinguished us from traditional real estate agencies in the market.

Asset Management

At The Leasing Agency, we value relationships with our tenants and landlords. We believe by maintaining a balanced relationship, we can achieve an optimal long-term outcome and safeguard the return on your hard-earned investment. As proactive property experts, we keep up to date on current market trends and constantly strive to add value to your portfolio.

Development Advisory

The success of a commercial project relies heavily on having the right tenancy mix. At The Leasing Agency, we help developers find the most ideal design efficiency ratio and involve ourselves from initial planning, through securing anchor tenants, to the final delivery. By engaging us, we can minimise the vacancy risk and maximise the development yield.

Strategic Planning

Real estate is a long game that requires meticulous planning. As leasing professionals, our fingers are on the pulse - we monitor market trends closely and are well-positioned to help assess your property strategy. We are here to assist, whether you are looking to expand your portfolio, add value to existing assets or diversify into different commercial sectors.

Property History for 516 Little Bourke St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$1,450,000
28 Apr 2016
Listed for Rent
$75k/w
29 Aug 2023
  • 31 Jan 2023
    Listed for Rent - Price not available
  • 05 Oct 2016
    Listed for Sale Price Guide $1,200,000 +
  • 28 Apr 2016
    Sold for $1,450,000
Sign in to see more transactions
Commute Calculator

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.

Suburb Insights for Melbourne 3000

Market Insights
Melbourne Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Melbourne Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Cotality Copyright and Legal Disclaimers about Property Data
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.