🏒 CommercialOfficeCompleted 1988

Electric House

14-40 Market Street, Melbourne VIC 3000

  • 46 m tall Β· #346 in Melbourne
  • 10 floors
  • 2 businesses
  • 85 car spaces

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38 years standing

  1. 1988Completed
  2. 1998Refurbished
  3. TodayStill standing

23 building permits Β· 2 news storiesFull timeline ↓

About Electric House

Electric House is a commercial building at 14-40 Market Street, Melbourne, mainly used as an office, with 10 floors above ground. It was completed in 1988 and stands 46 metres to its roof. In September 2014, Dexus sold 40 Market Street to MTAA Super for $105 million.

At a glance

Key facts

Building type
🏒 Commercial
Completed
1988 Unconfirmed We don't have data to 100% confirm this data point as yet.
Height
46 m Unconfirmed We don't have data to 100% confirm this data point as yet.
#346 of 1596 in Melbourne
Floors
10 Unconfirmed We don't have data to 100% confirm this data point as yet.
Footprint
1,677 mΒ²
Businesses
2
Car spaces
85
Planning zone
CCZ1
Permits on record
23

Score cards

πŸš† Transport7/10

Flinders Street Station 6 min walk Β· 11 tram stops within 400 m

β˜• Everyday amenities7/10

65 cafΓ©s, 2 grocers, 4 medical within 250 m

🌳 Greenery8/10

106 street trees within 150 m Β· park 60 m away

✨ Activity7/10

283 people pass daily nearby Β· 34 licensed venues within 200 m

Calculated from PTV timetable stops, the City of Melbourne business census, street trees, pedestrian sensors and liquor licences.

The building team

The people and companies behind the design, construction and management of Electric House.

🏦OwnerDexus Property Group2012–2014verified2012-2014 Β· Bought for $46.7 million in 2012Source: MarketScreener (ASX release reproduction) β†—
🏦OwnerThe Mariner Property Trust Number 12009reported2009 Β· Seller in 2009Source: Real Estate Source β†—
🏦OwnerMTAA Super2014reportedCurrent Β· 2014 Β· Bought from Dexus for $105 million in 2014Source: The Urban Developer β†—
+Were you involved?Builders, architects, developers and managers can claim their role

Location & neighbourhood

Getting around

πŸš†Flinders Street Station
Train station
6 min Β· 454 m
πŸš†Flinders Street Railway Station
Train station
6 min Β· 514 m
πŸš‹Market St/Flinders St #3
Tram stop
1 min Β· 84 m
πŸš‹Flinders St/Queens Bridge St #1
Tram stop
1 min Β· 105 m
πŸš‹William St/Collins St #3
Tram stop
2 min Β· 168 m

Straight-line walking estimate. Source: PTV GTFS, CC BY 4.0.

Within a 3-minute walk

65β˜• CafΓ©s & eateries
2πŸ›’ Grocers
9πŸ‹οΈ Gyms
4🩺 Medical
0πŸ’Š Pharmacies
1🧸 Childcare
11🍷 Pubs & bars

Who lives in Melbourne (CBD)

Residents37,341
Median age26
Households renting70%
Households without a car75%
Walk to work40%
Public transport to work43%

ABS Census 2016 via City of Melbourne (CC BY).

Businesses in Electric House

2 businesses recorded in the City of Melbourne's latest business census.

CitiPower Pty Ltd / Powercor Australia Ltd

On Selling Electricity and Electricity Market Operation

Simpsons Burgers

Cafes and Restaurants

Looking for space in Electric House?

We'll try to put you in touch with an agent, though we can't promise a reply.
Source: City of Melbourne Census of Land Use and Employment, CC BY 4.0.

Timeline

Everything that has happened at Electric House: listings, news, works, planning and history.

2026πŸ› 
Works
1 building permit and 1 certificate Β· about $25.0m of new works
Largest: Stage 1: Powercor - Internal alterations to level 2 excluding fire services & strip-out level 3
2023πŸ› 
Works
1 certificate
Largest: Extension to handrail on top of existing balustrade.
2021πŸ› 
Works
3 certificates Β· about $209k of new works
Largest: Construction of an alteration of a building - UPS infrastructure upgrade work
2020πŸ› 
Works
1 building permit Β· about $8k of new works
Largest: Extension to handrail on top of existing balustrade.
2019πŸ› 
Works
2 building permits and 3 certificates Β· about $501k of new works
Largest: Construction of an alteration of a building - UPS infrastructure upgrade work
2018πŸ› 
Works
1 building permit Β· about $110k of new works
Largest: Alterations to existing carpark building- 40 Market street
2017πŸ› 
Works
1 certificate Β· about $80k of new works
Largest: Ground Floor - Upgrade Works to existing end of trip
2016πŸ› 
Works
2 building permits and 1 certificate Β· about $461k of new works
Largest: Installation of 2 New Generators to the Basement Car Park
2015πŸ› 
Works
1 building permit and 2 certificates
Largest: SERVICE PENETRATION FIRE SEALING RECTIFICATION WORKS - CONDITIONAL
19 Sep 2014πŸ“°
News
Dexus sells 40 Market Street to MTAA Super for $105 million
The Urban Developer reported that Dexus had sold its 40 Market Street property in Melbourne to MTAA Super for $105 million, more than double the price it paid less than two years earlier. The article said Dexus had secured Powercor Australia as a tenant on a 15-year lease over that period.
2014πŸ› 
Works
2 building permits and 3 certificates Β· about $16.9m of new works
Largest: Alterations to Base Building Upgrade - 40 Market Street Melbourne
2013πŸ› 
Works
1 building permit Β· about $2k of new works
Largest: Alterations to an existing building - Deletion of canvans fire hoses at fire hydrants
2011πŸ› 
Works
3 building permits Β· about $48k of new works
Largest: Alterations to existing building Level 8
2010πŸ”„
Use change
Council census records it as office, 10 floors
Name recorded: Electric House
2010πŸ› 
Works
1 building permit and 1 certificate Β· about $80k of new works
Largest: ALTERATIONS TO EXISTING BUILDING GROUND FLOOR & LVL 1
22 Mar 2009πŸ“°
News
Powercor building withdrawn from sale
The owner, The Mariner Property Trust Number 1, withdrew the building at 40 Market Street, also known as Electric House, from the market after it had sought a buyer for months at an expected price of around $45 million. The article said the building was then 11,659 square metres and fully leased to Powercor until 2018.
2009πŸ› 
Works
2 certificates Β· about $281k of new works
Largest: Partition alterations Level 2
2008πŸ› 
Works
1 building permit Β· about $65k of new works
Largest: Alterations to Offices Level 5
2007πŸ› 
Works
1 building permit Β· about $115k of new works
Largest: Alterations to Offices Levels 3 and 5
2004πŸ› 
Works
2 building permits Β· about $1.1m of new works
Largest: Stage 1: Office ground floor alterations. Power cor-citipower alterations, ground floor and level 8.
2002πŸ› 
Works
1 building permit Β· about $28k of new works
Largest: Internal Basement Level - Proposed Telcommunications to to North-east corner of Upper basement area
2002πŸ“‹
First census
First council census entry: office, 10 floors
1998πŸ› 
Works
2 building permits Β· about $4.0m of new works
Largest: Stage 2 fitout only to Levels 5 to 9
1996πŸ› 
Works
1 building permit Β· about $6k of new works
Largest: Tenancy fitout to level 2
1988πŸŽ‰
Milestone Β· Completed
Electric House completed: 10 floors
Derived from City of Melbourne building census (CLUE) 2024

Planning & heritage

Planning controls

ZoneCAPITAL CITY ZONE - SCHEDULE 1 (CCZ1)
DDO1Design and Development Overlay: limits on building height, setbacks and design
DDO10Design and Development Overlay: limits on building height, setbacks and design
PO1Parking Overlay: controls on how much car parking new development can provide

Vicmap Planning, Β© State of Victoria (Department of Transport and Planning), CC BY 4.0. Plain-English summaries are ours. Check the planning scheme for exact controls.

Subdivision & permits

Building permits on record
23
Estimated cost of works
About $49.0m
1996New works by year (estimated)2026

Costs are estimates declared on permits, not amounts spent. Stages of a project repeat its value, so we group them and count each project once. A value can cover a project spanning several buildings. Our calculation from City of Melbourne building permits, CC BY 4.0.

History of the site

How it's been recorded over time

2002Office Β· 10 floors Β· "MINTER ELLISON BUILDING"
2010Office Β· 10 floors Β· "Electric House"

City of Melbourne Census of Land Use and Employment, since 2002.

Community

What people say about Electric House in public forums and groups, and reviews left here.

No public discussion found yet. Know a thread or group about Electric House? .

Tenant reviews

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Frequently asked questions

Is Electric House residential or commercial?

Electric House is a commercial building. The City of Melbourne lists its main use as office.

When was Electric House built?

Electric House was completed in 1988.

How many floors does Electric House have?

Electric House has 10 floors above ground.

What businesses are in Electric House?

The latest council census counted 2 businesses in Electric House, including CitiPower Pty Ltd / Powercor Australia Ltd and Simpsons Burgers.

Is there office or retail space for lease in Electric House?

See the commercial listings on this page, or search this address on realcommercial.com.au and commercialrealestate.com.au.

Who built Electric House?

The building team section lists who's known so far. Builders, architects and developers can claim their role on this page.

How tall is Electric House?

About 46 metres, measured from the City of Melbourne's 3D building model. It's number 346 of 1596 buildings in Melbourne by height.

What public transport is near Electric House?

Flinders Street Station is the nearest train station, about 6 minutes' walk. The nearest tram stop is Market St/Flinders St #3, about 1 minute's walk.

What is the planning zone for Electric House?

The site is in the Capital City Zone - Schedule 1 (CCZ1).

Was the building ever withdrawn from sale?

In March 2009 the building was withdrawn from sale.

Has any work been done on Electric House recently?

The City of Melbourne has issued 23 building permits for Electric House since 1996. The most recent was in January 2026.

Compare with nearby buildings

BuildingTypeDistanceFloorsCompleted
Electric HouseCommercialβ€”101988
42-52 Market StreetCommercial56 m161969
The Port ApartmentsMixed use65 m121931
Oaks On MarketHotel83 m251967

That's Built compiles information from public records, research and contributions. Details are checked against multiple sources where possible but may contain errors and aren't professional advice. Sources: City of Melbourne building permits (CC BY 4.0), CLUE building information (CC BY 4.0), CLUE business establishments (CC BY 4.0), Geocoded National Address File (G-NAF) (Open G-NAF EULA (CC BY 4.0 based)). Street View and business details Β© Google Maps.

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