3/119-123 Adderley Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

3/119-123 Adderley Street
West Melbourne VIC 3003

Bedrooms: -
Bathrooms: -
Car spaces: 6
Floor area: 112m2
Land area: 535m2
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Property Details for 3/119-123 Adderley St, West Melbourne

Building Type
Commercial
Year Built
1972
Floor Size
112m2
Land Size
535m2
Local Government
Melbourne
Lot/Plan
3/SP29350

Last Listing description (April 2023)

CBRE is pleased to present 3/119-123 Adderley Street, West Melbourne, For Lease, available now.

This two (2) level office/showroom of 265sqm* and clear span warehouse of 418sqm* offers exceptional street frontage and five (5) on-site car parks.


Located on the corner of Dudley Street & Adderley Street, this property is on the doorstep of the city. Southern Cross railway station is only 1.1km* away with great access straight onto the Westgate Freeway & CityLink.

Property highlights:
+ Total area: 695sqm*
+ Warehouse area: 418sqm*
+ Ground level office/showroom: 83sqm*
+ Level one (1) office: 185sqm*
+ Five (5) on-site carparks
+ Clear span warehouse
+ Recessed loading dock
+ Great natural light
+ Close to public transport

*approx.

Property History for 3/119-123 Adderley St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$4,510,000
04 Aug 2022
Listed for Rent
$130k/w
16 Oct 2020
  • 04 Aug 2022
    Sold for $4,510,000
  • 24 Jun 2022
    Listed for Sale Contact Agent
  • 02 Nov 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 37 properties listed for sale, and 11 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 405 properties were sold in the past 12 months in West melbourne.

Suburb Insights for West Melbourne 3003

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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.