LEVEL 1/420 Spencer StreetWest Melbourne VIC 3003
Property Details for Level 1/420 Spencer St, West Melbourne
Level 1/420 Spencer St, West Melbourne is a 2 bedroom, 2 bathroom Unit and was built in 2017. The property has a land size of 2259m2 and floor size of 61m2.
Last Listing description (January 2024)
A fantastic opportunity has arisen in West Melbourne - a thriving and bustling suburb known for its vibrant community and healthy lifestyle. A well-established gym shop is up for rent.
The gym shop boasts a prime location in the heart of West Melbourne, with high visibility and foot traffic. Equipped with state-of-the-art fitness equipment, this gym shop is perfect for those who are passionate about health and wellness. The premises have been tastefully designed and decorated, creating a welcoming and inviting atmosphere for members to work out and reach their fitness goals.
Whether you are an experienced fitness professional looking to take your career to the next level, or an entrepreneur seeking a profitable business venture, this gym shop is the perfect opportunity for you. With an established clientele and a solid reputation, this gym shop has great potential for growth and expansion.
Alternatively, if you're not interested in operating a gym, this shop can easily be transformed into a retail shop or office space. Its prime location in West Melbourne makes it an ideal spot for a variety of businesses, from fashion boutiques to beauty salons or professional services. The premises offer plenty of natural light, spacious interiors, and a versatile layout that can be customized to fit your specific needs.
- Prime Location Shop front on Spencer Street
- 145 sqm
- Air conditioning installed
- Excellent opportunity with residents above the building and surrounding
- Fully fitted opportunity for Gym
- Spacious area if you are running other business
Contact us on 0488 883 886 today to arrange a viewing and take the first step towards making your business dreams a reality.
Property History for Level 1/420 Spencer St, West Melbourne, VIC 3003
- 01 Aug 2023Listed for Rent $65,178 / year
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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