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437-441 Spencer Street West Melbourne, VIC 3003

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437-441 Spencer Street,
West Melbourne, VIC 3003

Shops & Retail • Development Sites & Land • Hotel, Motel & Leisure

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Floor area

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Map of 437-441 Spencer Street

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Flexible City Fringe Corner Freehold (With Scheme for 88 Room Hotel)

  • 2 retail shops and residence for sale
  • plans for 88 room boutique hotel
  • land bank for the future
437-441 Spencer Street, West Melbourne occupies a prominent corner position in a rapidly developing precinct on the doorstep of the CBD. Improvements comprise two double story retail buildings available with vacant possession. The property also includes a scheme for a 17 level, 88-room boutique hotel. Therefore, it provides maximum flexibility for investors, owner-occupiers and developers.

•Two double story retail buildings
•Land area 268m²* with access from three sides
•Scheme for 88 room boutique hotel
•Zoned Mixed Use (MUZ)
•Vacant possession
•Prominent dual street frontages situated upon the South West intersection of Spencer Street and Dudley Street.
•West Melbourne is a rapidly developing suburb on the doorstep of the Melbourne CBD.
•Surrounded by major residential, commercial, hotel and education developments.
•Vibrant city fringe location within walking distance of CBD, North Melbourne retail precinct, Flagstaff Gardens and Queen Victoria Market.
•Excellent access to public transport situated between Southern Cross Station and Flagstaff Station
•Improvements comprise two double story retail buildings ideal for refurbishment and holding as an investment or to owner-occupy.
•Schemes for a 17 level, 88-room boutique hotel.
•Mixed Use Zoning enables other development outcomes to be explored including student accommodation, residential apartments or strata office.

West Melbourne, 3003 demographic data

The median household income for West Melbourne is $1,788, 6% lower than Greater Melbourne's household income of $1,901. West Melbourne has a younger age profile compared to the rest of Greater Melbourne (median age 31 vs 37). Property ownership data shows 61% of property owners in West Melbourne have a mortgage.

8,025
Population
$1,788 per week
Median household income
31 years
Median age
Renters
Most residents
Families
Most households
04235600...
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437-441 Spencer Street
West Melbourne, VIC 3003
Commercial Bureau Real Estate Pty Ltd - Melbourne
Suite 2, Level 4/20 Collins Street
MELBOURNE, VIC 3000

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