501 Spencer StreetWest Melbourne VIC 3003
Property Details for 501 Spencer St, West Melbourne
Last Listing description (June 2022)
ALL CONVENIENCE, MINUS THE PRICE
Here's your chance to secure a highly flexible commercial space in a fantastic locale. Up for grabs is 85m2 of office/retail/showroom space with a frontage of 6 metres. The property consists of 2 open plan areas and is fully self contained with a toilet and kitchenette at the rear. A basement level adds valuable storage space to your every application.
Located on Spencer Street, enjoy the level of exposure that only a main city road will provide, while your clients will enjoy plenty of street parking spots nearby. You will be the shortest of drives to the CBD, Docklands, the Telstra Dome and major arterials such as the Westgate freeway.
Coming with 1 undercover on-site car park, this property is available immediately. Call now for an inspection!
Property History for 501 Spencer St, West Melbourne, VIC 3003
- 22 Sep 2025Sold for $600,000
- 06 Mar 2024Transferred
- 01 Sep 2022Transferred
Recent sales nearby
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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 8,466 properties. Over the last 5 years, Houses in West Melbourne have seen a -3.06% decrease in median value, while Units have seen a 0.58% increase. As at 30 November 2025:
- The median value for Houses in West Melbourne is $1,279,634 while the median value for Units is $516,591.
- Houses have a median rent of $625 while Units have a median rent of $600.
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