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Highlights

  • Located within the City of Melbourne, close to schools including Kensington Primary and Mount Alexander College.
  • Strong digital infrastructure with NBN FTTC and reliable 5G coverage.
  • Just steps from bus and train connections for rapid CBD access.
  • Walkable to local cafés, retail, and leisure options supporting lifestyle appeal.

All Available Spaces(2)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Build-Out
  • Available
  • Ground
  • 807 SF
  • Negotiable
  • $42.50 CAD/SF/YR $3.54 CAD/SF/MO $34,306 CAD/YR $2,859 CAD/MO
  • Office
  • Partial Build-Out
  • Now

Boutique two-level commercial property offering an adaptable layout suitable for office, showroom, or creative workspace uses. The building includes a ground-floor showroom/meeting area with a convenient kitchenette and a first-floor open-plan office benefiting from natural light and access to a private outdoor terrace.

  • Partially Built-Out as Standard Office
  • Central Air Conditioning
  • Corner Space
  • Open Floor Plan Layout
  • Fully Carpeted
  • Smoke Detector
  • 1st Floor
  • 807 SF
  • Negotiable
  • $42.50 CAD/SF/YR $3.54 CAD/SF/MO $34,306 CAD/YR $2,859 CAD/MO
  • Office
  • Partial Build-Out
  • Now

Boutique two-level commercial property offering an adaptable layout suitable for office, showroom, or creative workspace uses. The building includes a ground-floor showroom/meeting area with a convenient kitchenette and a first-floor open-plan office benefiting from natural light and access to a private outdoor terrace.

  • Partially Built-Out as Standard Office
  • Central Air Conditioning
  • Corner Space
  • Open Floor Plan Layout
  • Fully Carpeted
  • Smoke Detector
Space Size Term Rental Rate Space Use Build-Out Available
Ground 807 SF Negotiable $42.50 CAD/SF/YR $3.54 CAD/SF/MO $34,306 CAD/YR $2,859 CAD/MO Office Partial Build-Out Now
1st Floor 807 SF Negotiable $42.50 CAD/SF/YR $3.54 CAD/SF/MO $34,306 CAD/YR $2,859 CAD/MO Office Partial Build-Out Now

Ground

Size
807 SF
Term
Negotiable
Rental Rate
$42.50 CAD/SF/YR $3.54 CAD/SF/MO $34,306 CAD/YR $2,859 CAD/MO
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

1st Floor

Size
807 SF
Term
Negotiable
Rental Rate
$42.50 CAD/SF/YR $3.54 CAD/SF/MO $34,306 CAD/YR $2,859 CAD/MO
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

Ground

Size 807 SF
Term Negotiable
Rental Rate $42.50 CAD/SF/YR
Space Use Office
Build-Out Partial Build-Out
Available Now

Boutique two-level commercial property offering an adaptable layout suitable for office, showroom, or creative workspace uses. The building includes a ground-floor showroom/meeting area with a convenient kitchenette and a first-floor open-plan office benefiting from natural light and access to a private outdoor terrace.

  • Partially Built-Out as Standard Office
  • Open Floor Plan Layout
  • Central Air Conditioning
  • Fully Carpeted
  • Corner Space
  • Smoke Detector

1st Floor

Size 807 SF
Term Negotiable
Rental Rate $42.50 CAD/SF/YR
Space Use Office
Build-Out Partial Build-Out
Available Now

Boutique two-level commercial property offering an adaptable layout suitable for office, showroom, or creative workspace uses. The building includes a ground-floor showroom/meeting area with a convenient kitchenette and a first-floor open-plan office benefiting from natural light and access to a private outdoor terrace.

  • Partially Built-Out as Standard Office
  • Open Floor Plan Layout
  • Central Air Conditioning
  • Fully Carpeted
  • Corner Space
  • Smoke Detector

Property Overview

Positioned within one of Melbourne’s inner-city lifestyle hubs, 39 Elizabeth Street offers a unique landholding of approximately 499 square meters within Kensington’s established residential fabric. The site provides a rare opportunity for owner-occupiers or developers seeking to capitalize on proximity to the Melbourne CBD. Current land use is non-residential, creating flexibility for future reconfiguration or redevelopment subject to council approval. The property benefits from connectivity via multiple transport options, including nearby Kensington and Macaulay train stations, as well as tram and bus routes. The area is highly accessible to major arterials such as CityLink and Dynon Road, facilitating swift access across the metropolitan network. Kensington itself blends village charm with urban convenience, supported by retail, dining, schools, and community amenities. Notably, the property sits outside bushfire, flood, or heritage overlays and has established NBN Fibre to the Curb and 5G mobile coverage for future-proof connectivity. Whether approached as a renovation prospect, a redevelopment site, or a long-term hold, this property aligns with the strong demand trend for Kensington homes, which have seen steady capital growth and robust rental yields.

Property Facts

Building Type
Office
Building Height
2 Stories
Building Size
6,135 SF
Building Class
C
Typical Floor Size
1,507 SF
Parking
8 Surface Parking Spaces
  • Listing ID: 40324885

  • Date on Market: 2026-04-29

  • Last Updated:

  • Address: 1-3 Bruce St, Kensington, VIC 3031

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