GROUND FLOOR/353-355 Flinders Lane, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

GROUND FLOOR/353-355 Flinders Lane
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 102m2
Land area: 223m2
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Last updated 4 Aug 2025
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Property Details for Ground Floor/353-355 Flinders Lane, Melbourne

Building Type
Commercial
Year Built
1915
Floor Size
102m2
Land Size
223m2
Local Government
Melbourne
Lot/Plan
1/PS326714

Last Listing description (September 2021)

Savills is delighted to present the opportunity to purchase this excellent retail investment providing an exceptional opportunity for an astute investor seeking to acquire a rare Melbourne CBD retail asset with the following key attributes:

Magnificent ground level corner retail investment

Large retail area of 130sq m*
New 7+6 year lease from 1 December 2013 to hugely popular cafe operator Cafe Del Corso
Current Net Rental: $76,462 pa + O/G's & GST
Enormous rental upside potential (only $588/sq m*)
Ideal retail location, surrounded by a huge office population and tourist pedestrian traffic
Prime CBD location in one of Melbourne's most active retail precincts
A fantastic CBD retail investment!

The opportunity to purchase such a high quality corner retail property in Melbourne's CBD is rare, and we encourage prospective purchasers to actively consider this excellent opportunity.

For further information please contact:

Benson Zhou - 0458 488 888
Julian Heatherich - 0412 995 655

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Property History for Ground Floor/353-355 Flinders Lane, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$1,670,000
25 Mar 2014
Listed for Rent
$790/w
12 Oct 2020
  • 01 Oct 2020
    Listed for Rent $790 / week
  • 28 May 2020
    Listed for Rent $790 / week
  • 12 Jul 2019
    Listed for Rent - Price not available
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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 64,227 properties. Over the last 5 years, Houses in Melbourne have seen a 5.76% increase in median value, while Units have seen a -4.47% decrease. As at 30 April 2026:

  • The median value for Houses in Melbourne is $1,457,082 while the median value for Units is $442,735.
  • Houses have a median rent of $700 while Units have a median rent of $675.
There are currently 300 properties listed for sale, and 168 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2655 properties were sold in the past 12 months in Melbourne.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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