Owner-Occupiers, Investors and Developers to Show Interest in Sensational South Melbourne Corner Freehold
25 July 2025
168-174 Dorcas Street, corner Tope Street, South Melbourne
A sensational city fringe corner freehold that has just hit the market is expected to attract the interest of owner-occupiers, investors and developers alike.
Fitzroys’ Mark Talbot and Tom Fisher are marketing 168-174 Dorcas Street, South Melbourne via Expressions of Interest closing Thursday, August 14 at 3pm.
Expectations are of $4.75 million-plus.
The property comprises a prominent building of 1,077sqm split over two levels, plus basement car parking for 18 cars entered from Tope Street. It is on a site area of 694sqm with extensive street frontages and side road access, zoned Commercial 2 with Design And Development Overlay – Schedule 8 (DD08) promoting a preferred building height of six levels.
The property is offered with substantial holding income of $162,690 per annum, with the ground floor leased to CDS Worldwide Pty Ltd since 2009.
“We’re expecting interest from owner-occupiers, investors and developers,” Talbot said.
“It’s a perfect corner opportunity.
“Owner-occupiers have the rare chance to acquire and immediately operate from a functional, prominent, good-sized building in one of Melbourne’s most in-demand commercial and residential areas, surrounded by quality hospitality and lifestyle amenity.
He notes that owner-occupiers also have the flexibility to occupy the first floor as it is currently vacant, and at the same time, retain the ground floor tenancy to CDS and receive a sizeable income stream.
“Investors will recognise the strong demand from tenants for offices in South Melbourne, which ticks all the boxes as a highly accessible and vibrant lifestyle location, and is in line to be Melbourne’s next Cremorne.”
The new Anzac Station will link the area directly to the CBD and Cranbourne, Pakenham and Sunbury lines and is within walking distance, as are Eastern Road and Kings Way tram services, and there is easy access via Moray Street to the Melbourne CBD, Southbank, Yarra precinct, Crown Casino, and Port Melbourne Beach, and vehicular access to Kingsway leading to the Westgate Freeway, CityLink and CBD.
Meanwhile, nearby are the South Melbourne Market, Coventry Street – one of Melbourne’s most popular lunchtime strips – and the popular Clarendon Street shopping and lifestyle strip that includes Coles, Woolworths, Dan Murphys, Vintage Cellars, Bed Bath N ’Table, Hector’s Deli, Fishbowl, Betty’s Burgers and all major banks.
Fisher said, “Developers will note the property is surrounded a number of recent first-class office developments including Deague’s 101 Moray, Moray Street and The Terraces by Fortis, Eastern Road by I&D Group, Hickory’s Market Lane, and BVIA on BANK.
“These developments have enjoyed strong take-up from tenants. There is clearly demand for new office product in South Melbourne.
“These developments have boosted the area’s worker population and further added to the vibrancy of the area. More people want to live, work and play in South Melbourne.”
Fisher added that the growth of office workers in the surrounds has come at the same time as a surge in the local residential population, with medium- and high-density living being built in South Melbourne and Southbank, as well as the adjoining Fishermans Bend precinct.
“Fishermans Bend is Australia’s largest urban renewal project and South Melbourne has a front-row seat. The huge population growth forecast for the area will also provide a major boost for the local worker catchment, underpinning demand for office space well into the future.”
Fishermans Bend is forecast to be home to around 80,000 residents by 20551.
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