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Stonebridge Property Group is pleased to present 73-75 Peel Street, West Melbourne, offered for sale via Public On-site Auction.
73-75 Peel Street, West Melbourne, is an unmissable freehold office/retail building directly opposite the globally recognised Queen Victoria Market with holding income.
Key highlights of the property include:
- A prime 306 sqm* city fringe freehold building with modern and creative fit-out in place, polished concrete flooring, abundant natural light via multiple skylights, and dual access points to the ground and first floors
- Expansive street presence with 12.48 m* of frontage, providing valuable business exposure and enhanced flexibility for future development outcomes (STCA)
- Currently leased to entertainment operator “Virtual Room Melbourne” on a 3-year term expiring in June 2026, providing holding income of $127,141* per annum + GST
- Ability to split into multiple tenancies via 2 x existing separate access points, ideally suited for a combination of office, retail and hospitality uses
- Ideal for future potential vertical hospitality noting high exposure and pedestrian traffic
- Strategically positioned on the edge of the CBD grid, directly opposite the globally recognised Queen Victoria Market (that enjoys 10,000,000+ visitors annually) and just 600 m* from the Melbourne Central Shopping Centre
- Accompanied by 3 on-site car parks via exclusive laneway, a rarity in this pocket of West Melbourne
- Schedule 32 to the Design and Development Overlay allows for a height limit on the site of up to 14 metres, creating the opportunity for future development upside (STCA)
- Set to benefit from major surrounding infrastructure projects, notably the $1.7 billion Queen Victoria Market upgrade that is expected to deliver 4,000 new jobs and 20,000 new residents - an exciting driver of retail trade for local business
- Seamless connectivity via tram routes along Peel, Victoria, and Elizabeth Streets, plus proximity to Flagstaff Train Station (650 m*) and Melbourne Central Train Station (600 m*)
73-75 Peel Street, West Melbourne is for sale via Public On-site Auction Thursday 28th August 2025 at 10AM (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
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
Property Code: 1363
Remember to mention you found this property on CommercialReady
Stonebridge Property Group is pleased to present 73-75 Peel Street, West Melbourne, offered for sale via Public On-site Auction.
73-75 Peel Street, West Melbourne, is an unmissable freehold office/retail building directly opposite the globally recognised Queen Victoria Market with holding income.
Key highlights of the property include:
- A prime 306 sqm* city fringe freehold building with modern and creative fit-out in place, polished concrete flooring, abundant natural light via multiple skylights, and dual access points to the ground and first floors
- Expansive street presence with 12.48 m* of frontage, providing valuable business exposure and enhanced flexibility for future development outcomes (STCA)
- Currently leased to entertainment operator “Virtual Room Melbourne” on a 3-year term expiring in June 2026, providing holding income of $127,141* per annum + GST
- Ability to split into multiple tenancies via 2 x existing separate access points, ideally suited for a combination of office, retail and hospitality uses
- Ideal for future potential vertical hospitality noting high exposure and pedestrian traffic
- Strategically positioned on the edge of the CBD grid, directly opposite the globally recognised Queen Victoria Market (that enjoys 10,000,000+ visitors annually) and just 600 m* from the Melbourne Central Shopping Centre
- Accompanied by 3 on-site car parks via exclusive laneway, a rarity in this pocket of West Melbourne
- Schedule 32 to the Design and Development Overlay allows for a height limit on the site of up to 14 metres, creating the opportunity for future development upside (STCA)
- Set to benefit from major surrounding infrastructure projects, notably the $1.7 billion Queen Victoria Market upgrade that is expected to deliver 4,000 new jobs and 20,000 new residents - an exciting driver of retail trade for local business
- Seamless connectivity via tram routes along Peel, Victoria, and Elizabeth Streets, plus proximity to Flagstaff Train Station (650 m*) and Melbourne Central Train Station (600 m*)
73-75 Peel Street, West Melbourne is for sale via Public On-site Auction Thursday 28th August 2025 at 10AM (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
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
Property Code: 1363
Remember to mention you found this property on CommercialReady
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