GROUND FLOOR/124 Exhibition Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
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GROUND FLOOR/124 Exhibition Street
Melbourne VIC 3000

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Property Details for Ground Floor/124 Exhibition St, Melbourne

Building Type
Commercial
Year Built
1996
Local Government
Melbourne
Lot/Plan
1/TP875164

Last Listing description (October 2023)

East End, Creative, Building Repositioned

Exciting whole building repositioning 124 Exhibition Street is set to be a new ten (10) story creative office destination in the prime East End of town.

Located on the Eastern side of Exhibition Street between Little Collins and Bourke Streets, just a short walk to Parliament Train Station and to the well serviced Collins Street and Bourke Street tram networks. The building is situated nearby to some of the most exclusive restaurants in the CBD in Grill Americano and Gimlet, not to mention Yakimono, Chris Lucas' Society and Nick and Nora's Bar within the newly finished 80 Collins Street Melbourne's premium retail and dining precinct where culture, business and luxury collide.

124 Exhibition Street intends to accommodate the needs of the current office environment and provide the necessary services to create a sense of community and flexibility to transform business.

Key building repositioning features include:

- New architecturally striking building lobby
- Two (2) brand new retail tenancy's to offer ancillary services for the area/office building
- Quality End of Trip facilities with showers, lockers and bike racks
- Fresh faade render
- New windows throughout, remaining openable
- New HVAC system and Electrical Services throughout

Tenancy Features:

- Whole floors of 351sqm*
- Efficient side core lift with two (2) lifts servicing the building
- Exposed ceilings and services
- Polished concrete flooring
- Strip LED lighting
- Un-interrupted views to the East (Level 7 and above), include the top of the Historical Windsor Hotel

Please contact Phillip Cullity 0419 322 825 or Stephen Land 0400 950 290 for further details or an inspection.

*Approx.

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Property History for Ground Floor/124 Exhibition St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
  • 01 Jun 2023
    Listed for Rent - Price not available
  • 03 Jun 2022
    Listed for Rent - Price not available
  • 28 Jan 2021
    Listed for Rent $242pw | 2 Person Workspace | Private Office
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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 64,290 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 240 properties listed for sale, and 363 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2737 properties were sold in the past 12 months in Melbourne.

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