<p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">West Melbourne is a rapidly evolving inner-city suburb located just 2 km northwest of Melbourne’s CBD. This suburb is known for its industrial past, which is now transitioning into a vibrant and diverse urban space. With a growing population and increasing investment, West Melbourne is becoming one of Melbourne’s most exciting areas, particularly for those looking for proximity to the city but at a more affordable price point. The suburb is undergoing significant transformation, driven by both residential and commercial development, making it a hot spot for both investors and residents. The population of West Melbourne is approximately 6,400.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Transport &amp; Connectivity</b></span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">West Melbourne is extremely well-connected to the rest of Melbourne, which is one of the main reasons it’s becoming an attractive place to live and invest. The suburb benefits from multiple transport options. The North Melbourne Train Station, located on the eastern edge of the suburb, offers direct access to key train lines, including the Craigieburn and Upfield lines, making it easy to travel to and from the CBD and other suburbs. Tram Route 57 also runs through West Melbourne, providing a direct route to the city.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Additionally, the suburb is close to major roadways such as the CityLink freeway, offering easy access to Melbourne’s airport and the broader road network. The nearby Melbourne Metro Tunnel, set to open in 2025, will introduce a new station in the area, improving public transport and connectivity even further.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Retail &amp; Commercial Activity</b></span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">West Melbourne has a mix of retail, hospitality, and commercial activity, with significant potential for future growth. The area is home to a range of smaller cafes, restaurants, and independent shops, particularly around the Hawke Street area. It is also located near Queen Victoria Market, one of Melbourne’s busiest and most famous landmarks, which provides access to fresh produce, unique foods, and local retail.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">West Melbourne is becoming increasingly popular with commercial investors due to the availability of land and proximity to the CBD. The area is attracting businesses looking for space in Melbourne’s growing inner suburbs. In addition to retail and hospitality offerings, the suburb has also seen an increase in creative and technology-based industries, making it a desirable location for those looking to be part of Melbourne’s innovation hub.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Education &amp; Employment Hubs</b></span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">West Melbourne is strategically located near some of Melbourne’s most important employment and education precincts. The suburb is within a short distance to The University of Melbourne and RMIT University, which are two of Australia’s top higher education institutions. This makes the area an ideal place for students and university staff, contributing to a strong demand for rental properties.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Additionally, the Melbourne Biomedical Precinct, located nearby, houses major hospitals like The Royal Melbourne Hospital, The Royal Children’s Hospital, and Peter MacCallum Cancer Centre. This concentration of healthcare facilities ensures that West Melbourne remains an attractive area for medical professionals and contributes to strong local employment prospects.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Residential &amp; Investment Appeal</b></span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">West Melbourne offers a variety of housing options, including modern apartment developments, converted warehouses, and traditional terrace houses. The suburb is seen as an up-and-coming area that offers more affordable housing compared to some other inner-city suburbs.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">As of early 2024, the median house price in West Melbourne is around $1.3 million, with apartments averaging $570,000. West Melbourne is especially appealing to young professionals and investors, who are drawn to its proximity to the CBD, strong public transport links, and the ongoing development in the area. As demand for properties continues to grow, this suburb remains an attractive option for those looking for capital growth and long-term investment opportunities.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Future Growth &amp; Developments</b></span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">West Melbourne is undergoing significant urban development, with many large-scale projects shaping the future of the suburb. The Arden Precinct redevelopment is one of the most important urban renewal projects, transforming industrial land into a mixed-use precinct that will include residential, commercial, and recreational spaces. This project, combined with the Metro Tunnel Project, will significantly improve public transport access and the overall infrastructure of West Melbourne.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">The ongoing transformation of the suburb is expected to continue driving property demand, particularly as more businesses, families, and professionals move into the area. The introduction of new amenities and increased retail offerings will further enhance the suburb’s appeal.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Why Invest in West Melbourne?</b></span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">•</span><span style="color:rgb(0, 0, 0);"><b> Proximity to the CBD</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;"> – Just 2 km from Melbourne’s city centre, offering strong rental demand and capital growth potential.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">• I</span><span style="color:rgb(0, 0, 0);"><b>mproved Public Transport</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;"> – Well-served by trains, trams, and major roads, with future enhancements through the Metro Tunnel and new Arden Station.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">• </span><span style="color:rgb(0, 0, 0);"><b>Affordable Housing</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;"> – Offers more affordable property prices compared to other inner-city suburbs, making it attractive for first-time buyers and investors.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">• </span><span style="color:rgb(0, 0, 0);"><b>Strong Local Economy</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;"> – Close to major healthcare facilities, universities, and offices, ensuring long-term demand for both residential and commercial properties.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">• </span><span style="color:rgb(0, 0, 0);"><b>Ongoing Urban Renewa</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;">l – Significant projects like the Arden Precinct and Metro Tunnel will improve infrastructure, liveability, and property values.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">With significant ongoing development, strong transport connections, and an evolving mix of residential and commercial properties, West Melbourne is an increasingly attractive option for those looking to invest in one of Melbourne’s most rapidly developing inner-city suburbs.</span></p>

<p style="margin-inline-start:0cm;"><span style="color:rgb(0, 0, 0);"><b>Sassy Italian Restaurant</b></span></p><br><p style=""><span style="color:rgb(0, 0, 0);"><b>Overview</b></span></p><p style=""><span style="color:rgb(0, 0, 0);">Sassy Italian Restaurant is an upscale, modern eatery that serves authentic Italian cuisine with a contemporary twist. Highly rated on Google 4.7/5 Star 2,200+ ratings, located in a prime urban setting, this restaurant aims to create an inviting atmosphere where both locals and tourists.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Key Details &amp; Statistics</b></span></p><p style=""><span style="color:rgb(0, 0, 0);">• </span><span style="color:rgb(0, 0, 0);"><b>Business Type</b></span><span style="color:rgb(0, 0, 0);">: Italian restaurant, offering dine-in and takeaway options.</span></p><p style=""><span style="color:rgb(0, 0, 0);">• </span><span style="color:rgb(0, 0, 0);"><b>Cuisine</b></span><span style="color:rgb(0, 0, 0);">: Traditional Italian with a modern twist, including classic pasta, pizza, risotto, seafood, and regional Italian specialties. A carefully curated wine list showcases Italian wines and local favourites.</span></p><p style=""><span style="color:rgb(0, 0, 0);">• </span><span style="color:rgb(0, 0, 0);"><b>Location</b></span><span style="color:rgb(0, 0, 0);">: Sassy Italian Restaurant is situated in a bustling urban area known for its high foot traffic, which draws both residents and visitors. The restaurant is located adjacent to North Melbourne Train Station and with the convenience of Woolworths Metro across the road. Benefiting from a high residential catchment with multiple apartment blocks in the area</span></p><p style=""><span style="color:rgb(0, 0, 0);">• </span><span style="color:rgb(0, 0, 0);"><b>Seating Capacity</b></span><span style="color:rgb(0, 0, 0);">: 120 seats, with an elegant interior design that blends traditional Italian aesthetics with contemporary flair. The ambiance is designed to feel warm and inviting, with open kitchen seating allowing guests to watch chefs in action.</span></p><p style=""><span style="color:rgb(0, 0, 0);">• </span><span style="color:rgb(0, 0, 0);"><b>Operating Hours</b></span><span style="color:rgb(0, 0, 0);">: Open 7 days a week, from 11:30 AM to 10:30 PM, with extended hours on weekends to cater to the dinner crowd.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Key Differentiators</b></span></p><p style=""><span style="color:rgb(0, 0, 0);">• </span><span style="color:rgb(0, 0, 0);"><b>Dinner and show experience</b></span><span style="color:rgb(0, 0, 0);"> - Experience the best dinner and shows near Melbourne’s CBD at Sassy Italian Restaurant. The restaurant brings people together through delicious food and unforgettable music, creating an atmosphere that transports you straight to Italy. Sassy offers the perfect blend of fine dining and live entertainment.</span></p><p style=""><span style="color:rgb(0, 0, 0);">• </span><span style="color:rgb(0, 0, 0);"><b>Sustainability Focus</b></span><span style="color:rgb(0, 0, 0);">: Sassy Italian Restaurant prides itself on sourcing ingredients from local, sustainable suppliers. The menu frequently changes to reflect the availability of seasonal produce and the freshest ingredients.</span></p><p style=""><span style="color:rgb(0, 0, 0);">• </span><span style="color:rgb(0, 0, 0);"><b>Wine Pairing Expertise</b></span><span style="color:rgb(0, 0, 0);">: The restaurant offers a wine pairing experience, where sommeliers guide diners through selecting the perfect Italian wine for each course, enhancing the overall dining experience.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Future Outlook</b></span></p><p style=""><span style="color:rgb(0, 0, 0);">Sassy Italian Restaurant is positioned for continued success with plans for further expansion. The restaurant is exploring opportunities to open additional locations in other high-demand urban areas, leveraging its existing brand strength and loyal customer base. It also aims to enhance its catering services, offering premium Italian food for corporate functions, weddings, and other large-scale events.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p>

Shops 1-3, 1-7 Dryburgh Street, West Melbourne (subject property) - $112,290 382sqm $294psqm 260 Victoria Street, North Melbourne - $144,866 158sqm $917psqm 23 Aquitania Way, Docklands - $91,000 266sqm $342psqm 81 Errol Street, North Melbourne - $64,383 116sqm $555psqm 610 Queensberry Street, North Melbourne - $42,000 121sqm $347psqm 169-173 Rankins Road, Kensington- $64,068 90sqm $712psqm

Download Write Up PDF