Iconic West Melbourne Development Opportunity
This substantial double-storey warehouse with residential development potential (STCA) is located on Hawke Street close to the CBD, Docklands, Etihad Stadium, CityLink & North Melbourne Railway Station.
The property boasts excellent front loading access as well as side loading or carparking. The ground floor warehouse is currently used as a printer and has concrete floors, some office area and rear amenities. The first level is currently occupied as a clothing manufacturer, is clear span throughout, has concrete floors, excellent natural light and a separate entrance. Both tenancies are short term in nature.
The size of West Melbourne is approximately 6.7 square kilometres. There are 14 parks, covering nearly 2.4% of the total area. The population of West Melbourne in 2016 was 5515 people. By 2021 the population was 8025 showing a population growth of 45.5% in the area during that time. The predominant age group in West Melbourne is 20-29 years. Households in West Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Melbourne work in a professional occupation.In 2021, 32.40% of the homes in West Melbourne were owner-occupied compared with 34.50% in 2016.
West Melbourne has 8,465 properties. Over the last 5 years, Houses in West Melbourne have seen a -19.99% decrease in median value, while Units have seen a -5.28% decrease. As at 31 May 2026:
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