A rare institutional-scale education investment in the heart of Melbourne’s internationally renowned university precinct has been brought to market for sale, with 200 Victoria Street, Melbourne expected to attract significant interest from domestic and international investors.
The landmark seven-level education campus, anchored by Trinity College, part of the University of Melbourne, is anticipated to achieve a sale price in the mid-$50 millions.
Strategically positioned between the University of Melbourne and RMIT University, the property comprises 7,805sqm of net lettable area on a substantial 1,655sqm freehold landholding, offering a combination of established income, immediate owner occupation or leasing opportunity, and significant long-term flexibility.
The building has undergone extensive refurbishment in recent years, including a new ground-floor lobby and retail, on-floor upgrades including lift lobbies and new amenities, new end-of-trip facilities and improvements to the building’s educational infrastructure. All upper levels hold Class 9B certification, providing significant flexibility for education use and supporting the immediate occupation or leasing.
Trinity College occupies approximately 4,852sqm across four levels, accommodating its Pathways School, which provides foundation studies for international students seeking entry to the University of Melbourne.
Trinity College has committed significant capital to its occupation, recently expanding and undertaking extensive improvements to its teaching and learning facilities. The Trinity College existing lease runs until November 2033, with further options extending to 2043.
The asset has a weighted average lease expiry (WALE) of 4.3 years by income, with approximately 2,638sqm available for immediate occupation or leasing. Once fully leased, the asset is forecast to generate net annual income of approximately $4.4 million.
Beyond its established education use, the property’s substantial landholding and flexible zoning provide opportunities to explore a range of future alternative uses, including purpose-built student accommodation (PBSA), co-living, build-to-rent (BTR), healthcare and life sciences, subject to the necessary planning approvals.
The property benefits from exceptional connectivity to Melbourne’s major education, healthcare and commercial precincts, and is located just 250 metres from the new State Library Station and opposite the start of the Elizabeth Street free tram station.
200 Victoria Street is being offered for sale via an International Expressions of Interest campaign managed by Knight Frank agents Trent Preece and Tom Ryan, in conjunction with Lemon Baxter agents Thomas Blencowe and Paul O’Sullivan, on behalf of Realmont Property Partners and their capital partner.
Knight Frank’s Trent Preece said the offering represented an exceptionally rare opportunity to acquire an institutional freehold education investment in Australia’s premier education precinct.
“Melbourne is ranked the number one student city in Australia and fourth worldwide,” he said. “At a time when investors are increasingly focused on underlying fundamentals, the property’s location at the heart of the country’s best education precinct provides a compelling long-term investment proposition.
“The asset is underpinned by a long lease to Trinity College, a not-for-profit entity and part of the University of Melbourne, Australia’s highest ranked and most prestigious university.
“We expect strong interest from private capital, institutional investors, education operators and offshore groups seeking exposure to Australia’s internationally recognised education sector.”
Lemon Baxter’s Thomas Blencowe said the combination of existing income, immediate occupation or leasing opportunity and longer-term development potential provides multiple pathways for investors to enhance value.
“200 Victoria Street offers investors secure income from one of Australia’s most respected education institutions alongside the opportunity to immediately activate additional education accommodation within one of Melbourne’s most tightly held university precincts,” he said.
“The availability of approximately 2,638sq m provides a genuine near-term opportunity, particularly given the property’s location between the University of Melbourne and RMIT University, and the limited availability of larger-format education accommodation in the precinct.
“Beyond the investment proposition, the substantial freehold landholding provides significant long-term flexibility, with the potential to explore uses including PBSA, co-living, BTR, healthcare and life sciences.
“With its position at the intersection of Melbourne’s university and biomedical precincts, we believe 200 Victoria Street is exceptionally well placed to benefit from the long-term growth of the education and knowledge sectors.”
The International Expressions of Interest campaign will close on Friday 4th December 2026.
Related Articles
