221 Rosslyn Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

221 Rosslyn Street
West Melbourne VIC 3003

Bedrooms: -
Bathrooms: -
Car spaces: 27
Land area: 8741m2
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Property Details for 221 Rosslyn St, West Melbourne

Building Type
Commercial
Land Size
8741m2
Local Government
Melbourne
Lot/Plan
S10/PS746057

Last Listing description (August 2022)

Colliers Melbourne City Sales, alongside Jones Real Estate are privileged to present 221
Rosslyn Street, Melbourne For Sale via International Expressions of Interest closing
Wednesday 30th March 2022 at 12:00pm AEDT.


221 Rosslyn Street is an impeccably presented and finished accommodation freehold designed by renowned CHT Architects. This exceptional and world class offering features 99 studio, one- and two-bedroom apartments, a large ground floor restaurant (over two retail tenancies), a rooftop bar with panoramic views of Melbourne and 27 basement car parks all located on the one title. In addition, the accommodation facility benefits from access to a lap
swimming pool and spa, BBQ and entertainment facilities, onsite Foodworks Supermarket and other speciality hospitality and retail amenity.

This Vacant Possession 'plug and play' freehold opportunity presents purchasers with the ability to immediately act on the return of international travellers, students and normality as Covid-19 becomes a distant memory.

Key property highlights include but are not limited to:

- A rare and brand-new vacant possession accommodation facility featuring 99 studio, one and two bedroom apartments complimented by distinguished ground floor and
rooftop hospitality all whilst located at the gateway to an International CBD

- The ability to immediately act on the positive long-term outlook of Melbourne's accommodation market with a prime location, brand new building, significant depreciation benefits and the ultimate flexibility for a variety of potential users

- The ultimate blank canvas opportunity for owner occupiers, operators, and investors

- A purpose built and efficiently designed residential freehold suited to Hotel, Serviced
Apartments and BTR

- Underpinned by an outstanding and core city fringe location nearby Southern Cross Station, Flagstaff Station, West Melbourne Station, Spencer Street tram networks,
Citylink (M3) and a vast array of pedestrian and bike paths

- Walking distance to an abundance of lifestyle, world class medical and education precincts together with blue chip retail / hospitality amenity including: Melbourne CBD (Chinatown, Flinders Lane, Bourke Street Mall), Crown Casino, Queen Victoria Markets, Harbour Town Shopping Centre, DFO South Wharf, Royal Melbourne Hospital, Royal Women's Hospital and Royal Children's Hospital, RMIT University &
Melbourne University among many more!

For more information regarding this opportunity please contact Colliers as the exclusive selling agents below:


Colliers:
Daniel Wolman | 0412 957 839
Oliver Hay | 0419 528 540
Anthony Kirwan | 0431 952 430

Jones Real Estate:
Paul Jones | 0488 779 749
Tim Spargo | 0402 747 030
Sam Guest | 0458 467 482


*approx.

Property History for 221 Rosslyn St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$33,050,000
27 May 2022
  • 27 May 2022
    Sold for $33,050,000
  • 28 Feb 2022
    Listed for Sale Please contact agent
  • 09 Apr 2021
    Listed for Sale Contact Agent
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About West Melbourne 3003

The size of West Melbourne is approximately 6.7 square kilometres. It has 14 parks covering nearly 2.4% of 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 -12.75% decrease in median value, while Units have seen a -3.57% decrease. As at 31 March 2026:

  • The median value for Houses in West Melbourne is $1,253,332 while the median value for Units is $518,305.
  • Houses have a median rent of $755 while Units have a median rent of $620.
There are currently 38 properties listed for sale, and 11 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 400 properties were sold in the past 12 months in West melbourne.

Suburb Insights for West Melbourne 3003

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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.