LEVEL 1/371 Spencer StreetWest Melbourne VIC 3003
Property Details for Level 1/371 Spencer St, West Melbourne
Last Listing description (October 2023)
371 SPENCER STREET, WEST MELBOURNE VIC 3003
Substantial 1,228sqm* three level freestanding office and retail building with an additional basement
Highly efficient office floor plates with extensive ceiling heights and terrific amount of natural light
Leased to multiple tenants with potential. Fully leased income of $343,518 per annum
25 metre* frontage to Spencer Street
A perfect opportunity for strategic investors and owner occupiers alike
To arrange a personal inspection or for further information please contact the exclusive sales & marketing agents at CBRE
FOR SALE BY INTERNATIONAL EXPRESSIONS OF INTEREST CLOSING 26TH NOVEMBER 2015 AT 2PM
Mark Wizel
+61 409 809 868
Josh Rutman
+61 411 273 746
Tom Tuxworth
+61 410 988 960
Property History for Level 1/371 Spencer St, West Melbourne, VIC 3003
- 29 Nov 2024Sold for $7,500,000
- 28 Feb 2022Listed for Rent - Price not available
- 26 Jun 2020Sold for $6,800,000
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0About West Melbourne 3003
The size of West Melbourne is approximately 6.7 square kilometres. There are 14 parks, covering nearly 2.4% of the 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 8,480 properties. Over the last 5 years, Houses in West Melbourne have seen a -10.98% decrease in median value, while Units have seen a -4.74% decrease. As at 30 June 2026:
- The median value for Houses in West Melbourne is $1,178,496 while the median value for Units is $512,915.
- Houses have a median rent of $723 while Units have a median rent of $630.
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