373 King Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
OFF MARKET

373 King Street
West Melbourne VIC 3003

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 84m2
Land area: 468m2
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Property Details for 373 King St, West Melbourne

Building Type
Commercial
Floor Size
84m2
Land Size
468m2
Local Government
Melbourne
Lot/Plan
3/PS635606

Last Listing description (August 2012)

Entry Level CBD Retail Investment
Brand new 5 + 3 x 5 year lease.
Fixed annual 3% rent increases.

Tenant pays all usual outgoings.
Strategically located within significant employment and residential precinct.
Short walking distance from Flagstaff Station.
Adjoins complementary retailers including convenience store, cafe etc.
Excellent exposure to busy King Street.
Newly constructed office complex completed 2009.
Substantial income tax saving depreciation.
Rent $44,200pa* + GST
*Approx.
Interstate bidding is available by prior arrangement
To be auctioned as part of Burgess Rawson Investment Portfolio Auction 70.
11AM AEST Wednesday
8 August 2012
River room Crown Casino
Southbank Melbourne
For information on other investment opportunities in the campaign, please see:
http://www.investmentportfolioauction.com.au/
Adam Thomas 0418 998 971
athomas@burgessrawson.com.au
Shaun Venables 0411 860 865
svenables@burgessrawson.com.au

Property History for 373 King St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$650,000
08 Aug 2012
Listed for Rent
$632/w
18 Nov 2015
  • 20 Oct 2015
    Listed for Sale $380,000 NEGOTIABLE
  • 09 Mar 2013
    Listed for Rent - Price not available
  • 07 Dec 2012
    Listed for Rent - Price not available
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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 8,463 properties. Over the last 5 years, Houses in West Melbourne have seen a -1.80% decrease in median value, while Units have seen a -0.25% decrease. As at 31 January 2026:

  • The median value for Houses in West Melbourne is $1,329,330 while the median value for Units is $512,615.
  • Houses have a median rent of $630 while Units have a median rent of $620.
There are currently 28 properties listed for sale, and 23 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 396 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.