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161 Eastern Rd 1,076 SF Office/Retail Condo Unit in South Melbourne, VIC 3205



Investment Highlights
- Boutique apartment development comprising 32 residences over multiple levels.
- Interiors use natural, long-lasting materials complemented by private outdoor areas such as balconies or terraces.
- Architectural design by KUD, with an emphasis on craftsmanship and contemporary detailing.
- Situated within an established inner-city location, close to Albert Park Lake, South Melbourne Market, local schools, and retail amenities.
Executive Summary
161 Eastern Road is home to 161 Eastern, a recently developed residential building in South Melbourne. The project is the result of a collaboration between developer FORTENUM and award-winning architecture firm KUD, bringing together a strong design focus on blending modern architectural form with art-inspired detailing. The building comprises 32 apartments configured as two-, three-, and four-bedroom residences, arranged to reflect larger home-style layouts within a boutique structure. Interiors make use of natural, durable materials and incorporate considered design elements aimed at balancing contemporary aesthetics with long-term functionality. Private outdoor spaces, including terraces and balconies, form part of most apartments, while communal areas focus on privacy and quality detailing. The development is located within a walkable precinct close to Albert Park Lake, South Melbourne Market, and Clarendon Street, with tram and arterial connections providing direct access to Melbourne’s central city and inner suburbs.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Located in a sought-after South Melbourne precinct, 161 Eastern sits within walking distance of Clarendon Street retail, Albert Park Lake, South Melbourne Market, and major transport links into the CBD. The ground-floor commercial component provides high visibility to local traffic and is situated in an area surrounded by residential density, creating a customer base for service-oriented or retail operators.
161 Eastern presents a rare opportunity to secure the last remaining ground-floor commercial space within one of South Melbourne’s most distinctive mixed-use developments. Designed by award-winning architects KUD in collaboration with FORTENUM, the property blends contemporary architecture with a curated design approach to create a versatile and high-quality environment.
The available tenancy comprises approximately 100 m² and is offered in a warm shell condition, providing prospective buyers or tenants with the flexibility to complete a tailored fit-out. Zoned for commercial use and positioned at street level, the space is ideally suited for retail, showroom, or office applications (STCA), benefiting from frontage that maximizes exposure to both local pedestrian and vehicle traffic.
Located in the heart of South Melbourne, 161 Eastern places businesses within walking distance of lifestyle amenities including Clarendon Street retail, South Melbourne Market, and Albert Park Lake, with Melbourne’s CBD only minutes away. Excellent connectivity through major arterials and nearby tram services supports convenience for staff and customers alike. This is a unique chance to secure a ground-floor position in a tightly held precinct characterized by strong residential density and ongoing urban renewal.
| Unit | Unit Size | Condo Use | Price | NOI |
| - | 1,076 SF | Office/Retail | Upon Request | - |
-
| Unit Size |
| 1,076 SF |
| Condo Use |
| Office/Retail |
| Price |
| Upon Request |
| NOI |
| - |
-
| Unit Size | 1,076 SF |
| Condo Use | Office/Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| 161 Eastern is a recently completed mixed-use development designed by KUD architects in collaboration with developer FORTENUM. The building primarily comprises boutique residential apartments, complemented by limited ground-floor commercial spaces that offer flexibility for retail or office use. Its design philosophy integrates modern architecture with artistic elements, resulting in a building that reflects both functionality and aesthetic appeal.<br> <br> Located in a sought-after South Melbourne precinct, 161 Eastern sits within walking distance of Clarendon Street retail, Albert Park Lake, South Melbourne Market, and major transport links into the CBD. The ground-floor commercial component provides high visibility to local traffic and is situated in an area surrounded by residential density, creating a customer base for service-oriented or retail operators.</li></ul> | |
| Sale Notes | |
| Price Reduction – Final Ground-Floor Space Available<br> 161 Eastern presents a rare opportunity to secure the last remaining ground-floor commercial space within one of South Melbourne’s most distinctive mixed-use developments. Designed by award-winning architects KUD in collaboration with FORTENUM, the property blends contemporary architecture with a curated design approach to create a versatile and high-quality environment.<br> <br> The available tenancy comprises approximately 100 m² and is offered in a warm shell condition, providing prospective buyers or tenants with the flexibility to complete a tailored fit-out. Zoned for commercial use and positioned at street level, the space is ideally suited for retail, showroom, or office applications (STCA), benefiting from frontage that maximizes exposure to both local pedestrian and vehicle traffic.<br> <br> Located in the heart of South Melbourne, 161 Eastern places businesses within walking distance of lifestyle amenities including Clarendon Street retail, South Melbourne Market, and Albert Park Lake, with Melbourne’s CBD only minutes away. Excellent connectivity through major arterials and nearby tram services supports convenience for staff and customers alike. This is a unique chance to secure a ground-floor position in a tightly held precinct characterized by strong residential density and ongoing urban renewal.</li></ul> |
Property Facts
| Total Building Size | 69,847 SF | Floors | 10 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 9,688 SF |
| Property Subtype | Apartment | Lot Size | 0.22 AC |
| Building Class | B |
| Total Building Size | 69,847 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 10 |
| Typical Floor Size | 9,688 SF |
| Lot Size | 0.22 AC |
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161 Eastern Rd
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