A rare opportunity listed by the Catholic Archdiocese of Melbourne
In the heart of East Melbourne, the Catholic Archdiocese of Melbourne has quietly listed a one‑of‑a‑kind freehold on Albert Street with the sale going directly towards advancing key archdiocesan initiatives.
“The Catholic Archdiocese of Melbourne is offering these properties for sale as they no longer serve a purpose aligned with the current mission priorities of the archdiocese,” the institution explained.
There are four buildings included in the sale through Stonebridge Property Group, including a double‑storey Victorian office at 384-388 Albert Street which has been cited as the perfect location for medical or office use. It measures 1087 square metres and has generous on-site parking.
There are also three triple‑storey Victorian terraces at 402, 404 and 406 Albert Street, each measuring over 400 square metres and together representing over 1100 square metres of space to transform, whether as a luxury residential conversion or mixed commercial use.
The location is one of the most sought-after in Melbourne, boasting some of the city’s oldest and well-preserved Victorian homes set on wide, tree-lined streets.
The site is across the road from St Patrick’s Cathedral and Fitzroy Gardens, while St Vincent’s and Freemasons hospitals are just steps away. It is well connected to the nearby CBD via tram or train, and is a short distance from the M3 and M1 freeways.
“This is an exceptionally rare opportunity to secure a freehold in arguably the best pocket of East Melbourne for either occupation, development or investment,” says Stonebridge national partner Julian White.
Expressions of interest close at 2 pm on Thursday, August 28.
