501-509 King Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
 
OFF MARKET

501-509 King Street
West Melbourne VIC 3003

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 500m2
Land area: 990m2
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Property Details for 501-509 King St, West Melbourne

Building Type
Commercial
Floor Size
500m2
Land Size
990m2
Local Government
Melbourne
Lot/Plan
PC378577

Last Listing description (February 2017)

Colliers International is pleased to present the opportunity to purchase 501-509 King Street, West Melbourne with the following key attributes:
Super prime corner land holding of 940m *
Located only 300m North of the new Haileybury College CBD campus and 300m West of the Queen Victoria Market

Situated on the edge of the Melbourne CBD, the World s Most Liveable City within close proximity to an array of amenity including; some of Melbourne s best cafes, restaurants and retailers
Flexible Mixed Use Zoning (MUZ)
Three (3) extensive street frontages providing an excellent opportunity for mixed use development (STCA)
First time offered in 38 years
Uninterrupted park views
Surrounded by all of Melbourne s best amenity
*approx.
For Sale by Public Auction on Thursday 8th December at 12pm On-Site
To arrange an inspection or for more information please contact Colliers International Melbourne City Sales team as the exclusive selling agents.
Oliver Hay +61 419 528 540
Daniel Wolman +61 412 957 839
Matt Stagg +61 409 411 300
David Sia +61 430 111 223

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Property History for 501-509 King St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
Last Sold
$6,020,000
19 Feb 2017
Listed for Rent
$1.90k/w
13 May 2014
  • 19 Feb 2017
    Sold for $6,020,000
  • 08 Dec 2016
    Sold
  • 04 Nov 2016
    Listed for Sale Not Disclosed
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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 -2.67% decrease in median value, while Units have seen a -2.66% decrease. As at 28 February 2026:

  • The median value for Houses in West Melbourne is $1,329,375 while the median value for Units is $513,214.
  • Houses have a median rent of $640 while Units have a median rent of $620.
There are currently 26 properties listed for sale, and 22 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 398 properties were sold in the past 12 months in West melbourne.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
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