MELBOURNE, 21 April 2026 — A rare opportunity to secure a premium commercial freehold in one of Melbourne’s most tightly held city-fringe precincts has emerged, with 161–163 Buckhurst Street, South Melbourne now offered for sale via Expressions of Interest through CBRE.
The six-level, 984sqm* office building, completed in December 2021 and designed by award-winning Bayley Ward Architects, represents one of the few whole-building office freeholds to come to market in South Melbourne in recent years.
The asset is anchored by Moët Hennessy Australia, a division of LVMH, the world’s leading luxury goods group. Occupying Level 2, the tenant provides immediate, institutional-grade income from settlement.
The property is exclusively managed by CBRE’s Scott Hawthorne, Nathan Mufale and Jing Jun (JJ) Heng.
Property Snapshot
- Address: 161–163 Buckhurst Street, South Melbourne VIC 3205
- Net Lettable Area: 984sqm* across six levels
- Typical Floor Plate: 191sqm* (already subdivided)
- Completion: December 2021
- Architect: Bayley Ward Architects
- Builder: Brompton Construction
- Anchor Tenant: Moët Hennessy Australia (LVMH) – Level 2
- Sale Method: Expressions of Interest
- EOI Close: Thursday 7 May 2026 at 2:00pm AEST
- Price: On application
The Opportunity
161–163 Buckhurst Street presents a compelling opportunity across multiple buyer profiles:
- Owner-occupiers: A turn-key headquarters with strong design credentials, abundant natural light and uninterrupted views
- Investors: Secure income underpinned by a globally recognised tenant, with future rental growth potential
- Value-add buyers: Flexible floor-by-floor leasing or potential strata sell-down, supported by existing subdivision
The building’s recent completion allows an incoming purchaser to benefit from a near-full 40-year depreciation schedule, offering significant non-cash tax advantages depending on ownership structure.
The Location
Positioned within the highly sought-after Montague Precinct, the property benefits from immediate access to Melbourne’s CBD, South Melbourne Market, Bay Street (Port Melbourne) and the Montague Street light rail.
Connectivity is further enhanced by direct links to CityLink and the West Gate Freeway. The area boasts a walkability score of 94%* and continues to attract strong occupier demand driven by lifestyle amenity, infrastructure and ongoing development.
South Melbourne Market’s recent global recognition further reinforces the precinct’s long-term appeal.
Agent Commentary
“Opportunities of this scale, quality and tenant profile are rarely presented to the open market. The combination of an LVMH anchor tenant, strong architectural design and genuine flexibility across multiple buyer strategies positions 161 Buckhurst as one of the most compelling city-fringe offerings in recent years.”
— Scott Hawthorne, CBRE Investment Sales Victoria
Campaign Details
The property is listed exclusively on Commercial Ready, Australia’s leading commercial property investment platform, part of Ready Media Group.
Information Memorandum and due diligence materials are available via the listing:
https://www.commercialready.com.au/properties/161-163-buckhurst-street-south-melbourne-vic-3205-31852
Agent Contacts
- Scott Hawthorne
+61 400 861 048
[email protected] - Nathan Mufale
+61 421 224 354
[email protected] - JJ Heng (Asian Services Desk)
+61 411 059 116
[email protected]
About Commercial Ready
Commercial Ready is Australia’s leading commercial property investment platform, connecting buyers, investors and owner-occupiers with premium assets nationwide. It is part of Ready Media Group, an Australian media and technology company.
