Back to previous step
Stonebridge Property Group, acting under instructions from Charter Keck Cramer, is pleased to present 384-388 Albert Street, East Melbourne, for sale via International Expressions of Interest.
This prominent double-storey Victorian style building resides in the heart of the East Melbourne medical precinct, opposite Fitzroy Gardens and on the cusp of the Melbourne CBD.
Key highlights of the opportunity include:
- 1,087 sqm* (GBA) double-storey plus mezzanine Victorian corner building + 199 sqm* surplus land utilised as a car park
- Significant 892 sqm* Commercial 1 Zone (C1Z) corner landholding with a combined frontage of 54.7 m* to Albert Street and Lansdowne Street, plus laneway access
- Open-plan floor plates ideal for a corporate or medical headquarters and prime for value-add to increase property value
- Multiple access points + rear access providing unparalleled flexibility
- Substantial improvements including internal lift, solid base building structure and multiple kitchen and bathroom amenities
- Uninterrupted views over Fitzroy Gardens, within walking distance of the Melbourne CBD and in proximity to Melbourne’s world-renowned sports and entertainment precinct
- Unparalleled connectivity to Greater Melbourne and surrounding areas via Parliament Train Station (500 m*), multiple tram and bus routes along Victoria Parade and Wellington Parade, and close to Monash Freeway and Eastern Freeway
- Situated in the heart of a major medical precinct - over 40% of businesses in East Melbourne are dedicated to the health care and social assistance industries^
- East Melbourne’s median house price is $3,600,000^^ – the second-highest median house price in Melbourne
- 3.2% of homes in East Melbourne have changed hands annually over the past decade**, boasting one of the lowest turnover rates in Melbourne, and highlighting the suburb's tightly held character and the exceptional rarity of opportunities
384-388 Albert Street, East Melbourne is offered for sale via International Expressions of Interest closing Thursday 28th August 2025 at 2pm (AEST).
OPEN FOR INSPECTION:
- Thursday 31st July – 10am
- Saturday 2nd August - 10am
- Thursday 7th August – 10am
- Saturday 9th August - 10am
- Thursday 14th August – 10am
- Saturday 16th August - 10am
- Thursday 21st August – 10am
- Saturday 23rd August - 10am
- Thursday 28th August – 10am
To obtain further information, or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Julian White
0422 764 137
Dylan Kilner
0459 396 341
Max Warren
0488 296 892
Chao Zhang 张超
0411 625 068
Chao Zhang:
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
^City of Melbourne
^^REIV
** CoreLogic
Property Code: 1368
Remember to mention you found this property on CommercialReady
Stonebridge Property Group, acting under instructions from Charter Keck Cramer, is pleased to present 384-388 Albert Street, East Melbourne, for sale via International Expressions of Interest.
This prominent double-storey Victorian style building resides in the heart of the East Melbourne medical precinct, opposite Fitzroy Gardens and on the cusp of the Melbourne CBD.
Key highlights of the opportunity include:
- 1,087 sqm* (GBA) double-storey plus mezzanine Victorian corner building + 199 sqm* surplus land utilised as a car park
- Significant 892 sqm* Commercial 1 Zone (C1Z) corner landholding with a combined frontage of 54.7 m* to Albert Street and Lansdowne Street, plus laneway access
- Open-plan floor plates ideal for a corporate or medical headquarters and prime for value-add to increase property value
- Multiple access points + rear access providing unparalleled flexibility
- Substantial improvements including internal lift, solid base building structure and multiple kitchen and bathroom amenities
- Uninterrupted views over Fitzroy Gardens, within walking distance of the Melbourne CBD and in proximity to Melbourne’s world-renowned sports and entertainment precinct
- Unparalleled connectivity to Greater Melbourne and surrounding areas via Parliament Train Station (500 m*), multiple tram and bus routes along Victoria Parade and Wellington Parade, and close to Monash Freeway and Eastern Freeway
- Situated in the heart of a major medical precinct - over 40% of businesses in East Melbourne are dedicated to the health care and social assistance industries^
- East Melbourne’s median house price is $3,600,000^^ – the second-highest median house price in Melbourne
- 3.2% of homes in East Melbourne have changed hands annually over the past decade**, boasting one of the lowest turnover rates in Melbourne, and highlighting the suburb's tightly held character and the exceptional rarity of opportunities
384-388 Albert Street, East Melbourne is offered for sale via International Expressions of Interest closing Thursday 28th August 2025 at 2pm (AEST).
OPEN FOR INSPECTION:
- Thursday 31st July – 10am
- Saturday 2nd August - 10am
- Thursday 7th August – 10am
- Saturday 9th August - 10am
- Thursday 14th August – 10am
- Saturday 16th August - 10am
- Thursday 21st August – 10am
- Saturday 23rd August - 10am
- Thursday 28th August – 10am
To obtain further information, or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Julian White
0422 764 137
Dylan Kilner
0459 396 341
Max Warren
0488 296 892
Chao Zhang 张超
0411 625 068
Chao Zhang:
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
^City of Melbourne
^^REIV
** CoreLogic
Property Code: 1368
Remember to mention you found this property on CommercialReady
Yield Calculator
Yield Calculator
