55 King Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

55 King Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 2329m2
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Property Details for 55 King St, Melbourne

Building Type
Commercial
Land Size
2329m2
Local Government
Melbourne
Lot/Plan
1/TP149130

Last Listing description (February 2016)

Commonly referred to as Exchange Square, 55 King Street provides high quality, modern office accommodation, with a flexible central core floor plate design and $10.6 million capital expenditure spent since January 2014.
Located only 50 metres from Collins Street, this exceptional investment opportunity occupies a prime corner location in a highly coveted and rapidly transforming pocket of the western core of the Melbourne CBD. The immediate precinct is currently undergoing rapid change with an abundance of new commercial and residential developments including 567 Collins Street, 568 Collins Street, Rialto Towers at 525 Collins Street and 447 Collins Street.
Key Features

- 12,408m * of high quality, recently refurbished office accommodation featuring highly sought after floor plates of 1,619m * that are easily subdividable.
- Exceptional development upside - Large corner site of 2,335m *
- Fully leased to the State Government of Victoria (VCAT) and ASX listed M2 Group
- The office floors feature an efficient central core layout providing flexible office accommodation with minimal internal columns and excellent natural light penetration.
- Excellent environment credentials - 4-star NABERS Energy rating
*Approx
For Sale by International Expressions of Interest closing Thursday 19 November 2015 at 2pm AEST
Leigh Melbourne
0413 253 339
Nick Rathgeber
0413 420 400

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Property History for 55 King St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Transferred
15 Nov 2015
  • 15 Nov 2015
    Transferred
  • 20 Oct 2015
    Listed for Sale Not Disclosed
  • 16 Jan 2015
    Listed for Sale $720,000
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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 64,288 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 356 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2740 properties were sold in the past 12 months in Melbourne.

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