MELBOURNE, 21 April 2026 - One of Melbourne’s most sought-after city-fringe precincts has produced a rare whole-building freehold opportunity, with 161–163 Buckhurst Street, South Melbourne now offered to the market via Expressions of Interest through CBRE.
The six-level, 984sqm* premium freehold - completed in December 2021 and designed by award-winning Bayley Ward Architects - is among the very few whole-building office freeholds to come to market in South Melbourne in recent years. For a business seeking a prestige headquarters in one of Melbourne’s most tightly held commercial precincts, the building offers something increasingly rare: the ability to own your premises outright, with institutional-grade rental income already in place from settlement.
Moët Hennessy Australia, a division of LVMH - the world’s leading luxury goods group - occupies Level 2, providing an incoming owner with immediate blue-chip income that offsets holding costs from day one. The remaining floors offer full flexibility — occupy as required, lease progressively, or grow into the building over time.
The asset is exclusively listed with CBRE and is being managed by Scott Hawthorne, Nathan Mufale and Jing Jun (JJ) Heng.
PROPERTY HIGHLIGHTS
Address: 161–163 Buckhurst Street, South Melbourne VIC 3205
NLA: 984sqm* across six levels
Typical floor plate: 191sqm* - each floor already subdivided
Completed: December 2021
Architect: Bayley Ward Architects
Builder: Brompton Construction
Anchor tenant: Moët Hennessy Australia (LVMH) - Level 2
Selling method: Expressions of Interest
EOI closing: Thursday 7 May 2026 at 2:00pm AEST
Price: On application
THE OWNER-OCCUPIER CASE
For businesses currently leasing premium accommodation in Melbourne’s CBD fringe, 161–163 Buckhurst Street represents a compelling strategic acquisition. Rather than paying rent, an owner-occupier secures a premium, purpose-built headquarters with natural light to three boundaries, uninterrupted views and on-site car parking - while the LVMH anchor tenancy on Level 2 provides immediate rental income to offset ownership costs from the date of settlement.
Each floor plate is independently subdivided at 191sqm*, giving an owner-occupier the flexibility to occupy one or multiple floors immediately and lease the balance, with the option to expand progressively as the business grows. This structure provides both operational flexibility and a genuine income buffer - a combination rarely available in a freehold of this quality.
A December 2021 completion means an incoming buyer also acquires virtually the full 40-year depreciation schedule, providing meaningful non-cash tax advantages that further strengthen the acquisition economics.
THE LOCATION
161–163 Buckhurst Street sits within the Montague Precinct in South Melbourne - one of Melbourne’s most dynamic and sought-after commercial addresses. The precinct is minutes from the Melbourne CBD, South Melbourne Market, Bay Street Port Melbourne and Montague Street Light Rail, with direct access to CityLink and the Westgate Freeway. The area carries a walkability score of 94%*.
South Melbourne’s commercial market continues to attract strong occupier demand from businesses seeking a high-amenity alternative to the CBD, underpinned by its proximity to the city, exceptional lifestyle offerings and ongoing precinct development and intensification.
AGENT COMMENTARY
“The combination of a premium 2021-built freehold, an LVMH anchor tenant and genuine owner-occupier flexibility is what makes 161 Buckhurst genuinely distinctive. This is the kind of asset that allows a business to make a long-term strategic decision about its own premises - with the security of institutional income already in place. Opportunities of this nature in South Melbourne are exceptionally rare.”
— Scott Hawthorne, CBRE Investment Sales Victoria
CAMPAIGN DETAILS
The property is listed on Commercial Ready - Australia’s leading commercial property investment platform, part of Ready Media Group. The full Information Memorandum and due diligence dataroom are available via the Commercial Ready listing page.
AGENT CONTACTS
Scott Hawthorne: +61 400 861 048 | [email protected]
Nathan Mufale: +61 421 224 354 | [email protected]
JJ Heng (Asian Services Desk): +61 411 059 116 | [email protected]
ABOUT COMMERCIAL READY
Commercial Ready is Australia’s leading commercial property investment platform, connecting buyers, investors and owner-occupiers with premium commercial assets across Australia. Commercial Ready is part of Ready Media Group, an Australian media and technology company.
