G02 & G03, 512-544 Spencer Street, West Melbourne, VIC 3003

Retail | Showrooms | Offices

For Sale Contact Agent

  • Property ID: 438333
  • Floor Area: 195m² - 245m²
  • Occupancy: Vacant
Components

Name Naber's Floor Land Price Rental (p.a.)
G02 N/A 195m2 N/A Contact Agent Contact Agent
G03 N/A 245m2 N/A Contact Agent Contact Agent
TWO HIGHLY EXPOSED RETAIL OPPORTUNITIES

Vinci Carbone are pleased to offer for sale two highly exposed retail opportunities in one of Melbourne’s busiest city fringe locations – Spencer Street, West Melbourne. The two highly exposed spaces are ideally situated on the ground level of the Marker, a 195 luxury apartment mixed use development whilst also adjoining Aldi West Melbourne.

These two shops offer many key features such as significant glass frontage to Spencer Street, a clean high clearance and adaptable open floor plate suitable for a wide range of future occupiers. Will suit many purposes such as showroom, retail, medical, hospitality and other uses (STCA).

The shops directly benefit from significant exposure to over 24,000* daily passing vehicles on Spencer Street and the foot traffic generated by Aldi West Melbourne. West Melbourne is a trusted location by many national brands such as Harley Davidson, Audi Melbourne, Deluxe Paint, Fort Knox Self Storage, Burson Auto Parts and Krost Furniture.

West Melbourne remains one of Melbourne’s most upcoming city fringe locations due to the wide range of developments that are under construction and have been recently completed bringing further amenity to the area.

Key highlights:

Two individually titled shops with areas of 195 sqm* and 245 sqm*
Excellent high ceilings
Significant exposure to Spencer Street
Offered with vacant possession
Special Use Zone (SUZ) under the City of Melbourne Planning Scheme

Rarely do you find such an opportunity with excellent access to the CBD, walking distance to University of Melbourne, RMIT, Errol Street retail strip and the Queen Victoria Market

*approx.

West Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $2817 $275 9.77%
Retail $7092 $301 4.24%
Offices $6403 $307 4.79%
This is the average advertised price, rent and yield for West Melbourne, VIC 3003*

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

Days on Market data for Retail 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:

  • 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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