21-23 Stanley Street, West Melbourne, VIC 3003

Offices | Industrial | Development/Land

Sold

  • Property ID: 441165
  • Floor Area: 163m²
  • Land Area: 163m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 07/03/2024 163m2 163m2 Contact Agent
Striking West Melbourne Warehouse with Flexible Special Use Zone for Future Development Potential

Stonebridge Property Group is pleased to present 21-23 Stanley Street, West Melbourne for sale via Public On-site Auction.

The key highlights of the opportunity include:

- A freehold city fringe warehouse with two street frontage situated in a favourable Special Use Zone that provides a range of future leasing, occupation or development options

- Development potential with a preferred (discretion) height of 7 levels under the West Melbourne Structure plan

- Currently leased to the hospitality and arts tenant ‘Impro Melbourne’ providing ideal short-term income

- Significant 163 sqm* special use zoned landholding providing for a range of future development options

- Oversized and well parked street which provides convenient access to the property for customers or owner occupants

- Oversized laneway which provides rear access to large roller door – ideal for second tenancy rear access or goods loading

- Strategically located in a vibrant and booming pocket of West Melbourne with major surrounding amenities including Queen Victoria Market (500 m*), ALDI West Melbourne (160 m*) and Flagstaff Gardens (350 m*)

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Dylan Kilner
0459 396 341

Max Warren
0488 296 892

Chao Zhang ??
0411 625 068



*Approximately

Property Code: 878

West Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $7092 $301 4.24%
Offices $6403 $307 4.79%
Industrial $2817 $275 9.77%
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 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:

  • 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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