384-388 Albert Street, East Melbourne
Stonebridge Property Group’s Julian White, Max Warren, Dylan Kilner and Chao Zhang, acting under instructions from Transaction Advisers Jessica Crossland & Tom Byrnes from Charter Keck Cramer, will market for sale via Expressions of Interest a collection of highly valued freehold properties on exclusive Albert Street, East Melbourne (separately or together).
384-388 Albert Street, East Melbourne
A double-storey plus mezzanine Victorian office building situated on the corner of Albert Street and Lansdowne Street. The building area is approximately 1,087 sqm, and the property benefits from onsite car parking and is exceptionally well suited to an office building or medical use.
402, 404 & 406 Albert Street, East Melbourne
Three adjoining triple storey Victorian Terraces being offered separately or together. Each property benefits from on-site car parking and are the perfect opportunity for a commercial or medical occupier, or conversion to a luxury residence (STCA). If purchased together, the three properties have the potential for a luxury residential development, utilising the rear access, discretionary height limit and exceptional surrounding planning and revenue precedent. Each title has a building area of over 400 sqm, and the combined land parcel of over 1,100 sqm.
East Melbourne in one of Melbourne’s oldest and most prestigious suburbs, characterised by grand Victorian terraces and wide, tree lined streets. Some of Melbourne’s most expensive housing is located in East Melbourne, as well as several recent examples of highly successful new developments by large groups such as Mirvac, Pask and Orchard Piper.
The Property has immediate access to Epworth Freemasons and St Vincents Hospital, plus all the surrounding supplementary medical business, making this one of Melbourne’s largest medical precincts. Plus, the Melbourne CBD is only 500 m*, Fitzroy Gardens are opposite, and easy walking distance to the MCG and the world-renowned Melbourne Sports & Entertainment Precinct. Parliament train station and multiple nearby tram and bus routes are also nearby.
Offering the properties for sale is the Catholic Archdiocese of Melbourne, stating:
“The Catholic Archdiocese of Melbourne is offering these properties for sale as they no longer serve a purpose aligned with the current mission priorities of the Archdiocese. Proceeds from the sale will be directed towards advancing key Archdiocesan initiatives.”
Julian White, Stonebridge National Partner, said:
“This is an exceptionally rare opportunity to secure a freehold in arguably the best pocket of East Melbourne for either occupation, development or investment. The four properties being offered for sale will appeal to buyers with a wide variety of uses and budgets. The connection with amenity, major employment hubs and the medical precinct are all world class. It is a very exciting opportunity.”
384-388 Albert Street, East Melbourne and 402, 404 & 406 Albert Street, East Melbourne, is for sale via Expressions of Interest closing Thursday 28th August 2025 at 2pm (AEST).
*Approximate
Related Articles
