GROUND FLOOR/437 Spencer StreetWest Melbourne VIC 3003
Property Details for Ground Floor/437 Spencer St, West Melbourne
Last Listing description (July 2023)
Occupies a prominent corner position in a rapidly developing precinct on the doorstep of the CBD. Comprise two double-storey retail buildings available with vacant possession.
Improvements and renovations on both buildings are required, the landlord is open to discussion and can offer support to the right operator and project.
2 x double-storey retail buildings
Corner Building-1, approx. 140m2 over 2 levels
Building -2, approx. 195m2 over 3 levels
Land size 257m with access from three sides
(Spencer St, Dudley St & Middleton Pl)
Special Use Zone (SUZ6)
Vacant possession
4 on-site car parks
West Melbourne is a rapidly developing suburb on the doorstep of the Melbourne CBD.
Surrounded by major residential, commercial, hotel and education developments. Within walking distance of CBD, North Melbourne retail precinct, Flagstaff Gardens and Queen Victoria Market. Short distance to Docklands.
Excellent access to public transport situated between Southern Cross Station and Flagstaff Station
Call Andy on 0418 383 678 for more information.
Property History for Ground Floor/437 Spencer St, West Melbourne, VIC 3003
- 23 Dec 2022Listed for Rent $120,000 / year
- 27 May 2020Sold for $2,915,000
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 8,465 properties. Over the last 5 years, Houses in West Melbourne have seen a -2.68% decrease in median value, while Units have seen a -1.84% decrease. As at 31 December 2025:
- The median value for Houses in West Melbourne is $1,342,812 while the median value for Units is $507,741.
- Houses have a median rent of $630 while Units have a median rent of $610.
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