55 Commercial Road, Melbourne, VIC 3004 | Property Value & History | OnTheHouse
OFF MARKET

55 Commercial Road
Melbourne VIC 3004

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 56083m2
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Property Details for 55 Commercial Rd, Melbourne

Building Type
Commercial
Land Size
56083m2
Local Government
Melbourne
Lot/Plan
43C/PP3084E

Last Listing description (October 2023)

Fitzroy is delighted to act on behalf of Alfred Health to offer this exceptional retail/convenience opportunity to the market via Tender to Lease.

Key features of this offering include:


- Situated in The Alfred Hospital, a premier healthcare facility in Melbourne
- Retail/Convenience opportunity comprising a building area of 110sqm*
- The Alfred comprises Victoria's largest Intensive Care Unit and one of Australia's busiest emergency and trauma centres while also providing a comprehensive range of other healthcare services
- Seeking operators providing a mix of newsagency, convenience and general store retailing to provide a range of retail services to the hospital population
- Handover for fit out early 2024

Alfred Health is inviting Tenders to Lease which must be lodged via Alfred Health's Tender Portal on or before 12pm Wednesday, 1st November 2023.

For further details regarding the Tender process, or to request a copy of the Information Memorandum please contact Fitzroys.

*Approx.

Property History for 55 Commercial Rd, Melbourne, VIC 3004

A timeline of how this property has performed in the market
Listed for Rent
$40k/w
06 Oct 2023
  • 06 Oct 2023
    Listed for Rent - Price not available
  • 02 Nov 2013
    Listed for Sale ESTIMATED PRICE RANGE $1,700,000 - $1,900,000
  • 06 Nov 2010
    Listed for Sale 140000 PLUS SAVING
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About Melbourne 3004

The size of Melbourne is approximately 3.8 square kilometres. It has 14 parks covering nearly 74.2% 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 13,699 properties. Over the last 5 years, Houses in Melbourne have seen a -2.43% decrease in median value, while Units have seen a -0.76% decrease. As at 31 March 2026:

  • The median value for Houses in Melbourne is $1,558,796 while the median value for Units is $649,600.
  • Houses have a median rent of $720 while Units have a median rent of $650.
There are currently 73 properties listed for sale, and 49 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 675 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3004

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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.