Iconic Melbourne CBD Retail Laneway Freehold Building with Vacant Possession
Stonebridge Property Group is pleased to present 19 Somerset Place, Melbourne, offered for sale via Public On-site Auction.
19 Somerset Place is a two-level freehold building which is perfect for an aspiring owner-occupier and/or an investor seeking their first CBD building. The two floorplates can be occupied by a single tenant or by two separate tenants, given the separate access.
The building was occupied by Blue Door Coffee until as recently as 30 June 2026.
The building requires no capital improvements in its current form; however, it is prime for a cosmetic refurbishment subject to the intended use.
Key highlights of the property include:
- Existing improvements comprise a two-level freehold building of 200 sqm*
- Intelligent multi-tenant design with separate pedestrian access to the ground and first floor from the front of the building. This allows multiple tenants within the building, or a single use operator
- Prominent 6.7 m* retail frontage providing excellent exposure and branding opportunities
- Located on Somerset Place, an iconic retail laneway, home to national tenant Crumpler
- Somerset Place is a rare double-width laneway of 8 m* compared with all surrounding lanes, which are only 4 m* wide
- Existing laneway parklet offering a unique opportunity for outdoor dining, hospitality activation or boutique beer garden use (STCA)
- Ideally suited to a café, restaurant, hairdresser, boutique, gift or card shop, or similar specialty retailer, complementing the vibrant mix of eateries and lifestyle stores along this popular retail laneway
- Surrounded by Melbourne's premier retail, dining and lifestyle destinations, including Bourke Street Mall (150 m*), Emporium (180 m*), Melbourne Central (300 m*), Chinatown (450 m*), RMIT University (780 m*), and the State Library of Victoria (750 m*)
- Melbourne CBD tourism continues to strengthen, with more than 12.9 million visitors recorded in 2024 and forecasts exceeding 18 million visitors by 2028, contributing an estimated $16.8 billion to the Victorian economy**
- Exceptional transport connectivity and strong pedestrian traffic throughout the day and evening, supporting a wide range of occupier and tenant uses
- Favourable Capital City Zoning provides for a variety of future potential uses, including hospitality, office, medical, gallery and more (STCA)
- Ability to add value through refurbishment, repositioning or the addition of a lightweight upper level (STCA)
- Walk through video: https://www.instagram.com/reel/DaPdNWbIRxT/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==
19 Somerset Place, Melbourne is for sale via Public On-site Auction Thursday 20th August 2026 at 12:30PM (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Max Warren
0488 296 892
Dylan Kilner
0459 396 341
Chao Zhang
0411 625 068
如需任何中文咨询，请联系我们亚洲业务团队的Chao Zhang 张超，联系电话：0411 625 068，并可随时加他的微信（微信号：chaozeee）
*Approximately
** 2026 City of Melbourne
Property Code: 1769
Remember to mention you found this property on CommercialReady
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