SOLD
Sold on 01 Jul 2024 for $1,363,000

LEVEL 5/414-416 Lonsdale Street
Melbourne VIC 3000

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 209m2
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Property Details for Level 5/414-416 Lonsdale St, Melbourne

Building Type
Commercial
Land Size
209m2
Local Government
Melbourne
Lot/Plan
6/RP13538

Last Listing description (October 2023)

Cushman & Wakefield Melbco Strata Markets are pleased to present for sale Level 5, 414 Lonsdale Street, Melbourne with the following key attributes:

- A rare, boutique strata office building with only seven (7) whole floor office titles, Level 5 is 154sqm* total area and offered with vacant possession to suit owner occupiers and savvy investors.

- The property has recently undergone a substantial renovation with new bathroom and kitchen facilities, lighting, furniture and more, providing a vibrant New York loft style creative ambiance your staff and clients will enjoy.

- Current improvements comprise a boardroom, open plan office accommodation with custom built desks, kitchen, storage and break out meeting areas.

- Excellent natural light throughout with two facades of prominent window frontages that provide spectacular views overlooking Lonsdale Street, Queen Street and Hardware Lane.

- Located in the heart of Melbourne's coveted Legal Precinct, all major law courts and chambers are within short walking distance. The superb location suits any business, be it professional services, creative/design, property, education, immigration or otherwise.

- Convenient proximity to all modes of public transport including Melbourne Central Train Station (300m*) with tram and routes servicing all major surrounding arterials.

- Exceptionally well connected to retail and hospitality amenities with Melbourne Central Shopping Centre, Emporium, Bourke Street Mall, Hardware Lane and Elizabeth Street dining precincts all moments away.

- Flexible Capital City 1 Zoning (CCZ1) permits a multitude of different uses including office, retail, medical, education and more (STCA).

Private Sale | Asking Price: $1,500,000

To arrange an inspection or for more information please contact Cushman & Wakefield Melbco Strata Markets as the exclusive selling agents:

Anthony Kirwan | +61 431 952 430

George Davies | +61 421 799 489

Jeff Ha | +61 401 145 166

*Approximate

STCA Subject to Council Approval

Property History for Level 5/414-416 Lonsdale St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$1,363,000
01 Jul 2024
  • 01 Jul 2024
    Sold for $1,363,000
  • 16 Aug 2023
    Listed for Sale Contact Melbco Strata Markets today
  • 19 Aug 2019
    Sold for $1,450,000
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation. In 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.

Melbourne has 60,880 properties. Over the last 5 years, Houses in Melbourne have seen a -37.57% decrease in median value, while Units have seen a 0.09% increase. As at 30 September 2024:

  • The median value for Houses in Melbourne is $742,012 while the median value for Units is $459,555.
  • Houses have a median rent of $600 while Units have a median rent of $650.
There are currently 306 properties listed for sale, and 272 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 1935 properties were sold in the past 12 months in Melbourne.

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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.