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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

CBRE
CBRE
Level 34,
Melbourne, VIC 3000

Property Highlights

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

Nearest transport* to 372 Spencer Street West Melbourne VIC 3003

Bus
Train
Tram
Jeffcott St/Spencer St (West Melbourne)34 m
Jeffcott St/Spencer St (West Melbourne)44 m
Dudley St/Spencer St (West Melbourne)154 m
Spencer St/Dudley St (West Melbourne)184 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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CBRE
CBRE
Level 34,
Melbourne, VIC 3000

Property Highlights

Date Sold6 Nov 2022
Floor Area892 m²
Land Area514 m²
ParkingOn site parking available
Property ID2018058694
Category
Last updated  8 Nov 2022

Listed by

Scott Hawthorne
Scott Hawthorne
CBRE
Call
0400861048

More about 372 Spencer Street West Melbourne VIC 3003

372 Spencer Street West Melbourne VIC 3003 is categorized as Land & Development Property. It has a floor area of 892 m² and a land area of 514 m². The listing ID for this property is 2018058694.

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