384-388 Albert Street, East Melbourne, VIC 3002

Offices | Medical

For Sale Contact Agent

  • Property ID: 381394
  • Land Area: 892m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the node (FTTN)

·        One of East Melbourne’s most prominent corner sites, at the intersection of Albert Street and Lansdowne Street
·        Elegant double-storey Victorian building comprising 885 sqm* of building area with additional surplus land of 199 sqm* used as a rear carpark
·        Occupying a significant 892 sqm* landholding with three street frontages totalling over 68 m*
·        Securely leased to a longstanding medical research organisation
·        Uninterrupted views over Fitzroy Gardens, St Patrick’s Cathedral and the “Paris End” of the CBD
·        Outstanding medium-to-long term repositioning opportunity
·        Flexible Commercial 1 Zoning allowing for medical, office, hotel and premium residential uses (STCA)
·        First time offered to the market in over 25 years
·        Surrounded by an abundance of Melbourne’s best parklands, close to the MCG, as well as significant retail and hospitality amenity
·        Benefitting from proximity to Parliament Station (475 m*), multiple tram and bus routes along Victoria Parade and walking distance to the CBD

Michael Godfrey | +61 437 440 245

James Thorpe | +61 414 510 071

Tom Foley | +61 401 318 706

Steve Kelly | +61 407 320 377

Josh Rutman | +61 411 27 37 46

·        Unparalleled location overlooking Fitzroy Gardens
·        Prominent corner landholding of 892 sqm* with on-site car parking at rear
·        Securely leased to longstanding medical research organisation

East Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $1167 ---
Offices --- $709 ---
This is the average advertised price, rent and yield for East Melbourne, VIC 3002*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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