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372 Spencer Street
West Melbourne VIC 3003
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Sold on 6 Nov 2022

372 Spencer Street West Melbourne VIC 3003

  • Development / Land
  • 514 m²
  • Sold

SUBSTANTIAL OFFICE FREEHOLD WITH UNLIMITED POSSIBILITIES AT THE CITY'S EDGE

  • LANDBANK FOR FUTURE DEVELOPMENT
  • EXCELLENT SURROUNDING HEIGHT PRECEDENT
  • IDEAL FOR OWNER OCCUPIERS

CBRE Melbourne Metropolitan Sales is offering for sale 372 Spencer Street, West Melbourne comprising a prominent two-level office building, ideally suited for a major mixed-use development, office headquarters or value-add enhancement.

Key details of the opportunity include:

+ 514sqm* landholding is in West Melbourne's Flagstaff precinct, providing a 16-level height potential and allowing for several development outcomes including retail, office, hotel and residential (STPA)

+ Multiple street frontages and entry points via Spencer Street, Jeffcott Place to the rear and side laneway access

+ Excellent transport linkages via direct access to Southern Cross Railway Station Melbourne's most frequented transit hub as well as the La Trobe Street tram network, Docklands waterfront & sporting precinct, Flagstaff Gardens, Errol Street & The Queen Victoria Market all within walking distance

+ Located adjacent to the booming western precinct of the Melbourne CBD, and set to benefit from over $3 billion of private and public investment

+ Surrounded by world class education, retail, entertainment and residential amenity

The opportunity to secure a high calibre CBD fringe office building of this nature is extremely rare, especially when you consider the prime location, exceptional future growth potential and unprecedented future development potential.

*Approx.

Contact CBRE for further information regarding this excellent opportunity.

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au

David Minty
+61 422 564 199
david.minty@cbre.com.au

Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au

CBRE Asian Services Team:
Jing Jun (JJ) Heng
+61 411 059 116
jj.heng@cbre.com
jheng1206

Property Highlights

Date Sold6 Nov 2022
Floor Area892 m²
Land Area514 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2018058694
Category
Last updated  8 Nov 2022
Map for 372 Spencer Street West Melbourne VIC 3003

Property Highlights

Date Sold6 Nov 2022
Floor Area892 m²
Land Area514 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2018058694
Category
Last updated  8 Nov 2022
Level 34, 8 Exhibition Street Melbourne VIC 3000

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