402, 404 & 406 Albert Street, East Melbourne, Vic 3002

Stonebridge Property Group, acting under instructions from Charter Keck Cramer, is pleased to present 402, 404 & 406 Albert Street, East Melbourne, for sale separately or in any combination via Expressions of Interest.

402, 404 & 406 Albert Street are three adjoining triple-storey freehold Victorian terraces positioned in the heart of the East Melbourne medical precinct, neighbouring Fitzroy Gardens (100 m*), major universities and within a short walk of the Melbourne CBD.

The properties are ideal for commercial or medical occupiers, or as a whole with scope for a luxury residential development (STCA). 

 Key highlights of the opportunity include:

- Existing improvements comprise three multi-functional terraces with a total building area of 1,298 sqm* (GBA), complemented by varying internal fit-outs, rear access to parking, and self-contained amenities across all buildings

- 402 Albert Street – Building GBA: 410 sqm* - Land area: 371 sqm* - Car spaces: 5

- 404 Albert Street – Building GBA: 437 sqm* - Land area: 368 sqm* - Car spaces: 5

- 406 Albert Street – Building GBA: 451 sqm* - Land area: 363 sqm* - Car spaces: 8

- Significant 1,102 sqm* total landholding with scope for development upside and/or retail activation (STCA)

- Within a rare Commercial 1 Zone (C1Z), allowing for a variety of uses including office, medical, residential or hospitality (STCA)

- Expansive street presence with 22.8 m* of frontage to Albert Street, plus laneway access

- Surplus land may allow lightweight construction of an extension and/or additional building (STCA)

- Accompanied by 18 rare on-site car parks

- Uninterrupted views of Fitzroy Gardens (100 m*), within walking distance of the Melbourne CBD and in proximity to Melbourne’s world-renowned sports and entertainment precinct

- Unparalleled connectivity to Greater Melbourne and surrounding areas via Parliament Train Station (500 m*), multiple tram and bus routes along Victoria Parade and Wellington Parade, and close to Monash Freeway and Eastern Freeway

-  Situated in the heart of a major medical precinct - over 40% of businesses in East Melbourne are dedicated to the health care and social assistance industries^

-  East Melbourne’s median house price is $3,600,000^^ – the second-highest median house price in Melbourne

-  3.2% of homes in East Melbourne have changed hands annually over the past decade**, boasting one of the lowest turnover rates in Melbourne, and highlighting the suburb's tightly held character and the exceptional rarity of opportunities

402, 404 & 406 Albert Street, East Melbourne is offered for sale individually or together via Expressions of Interest closing Thursday 28th August 2025 at 2pm (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

Julian White 
0422 764 137

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

^ City of Melbourne

^^ REIV

**CoreLogic

Property Code: 1371