This place is literally in the very central of Melbourne CBD, right across the street to Melbourne Central. There's a tram stop (Free Tram Zone) just at the door. Queen Victoria Market is only 5 mins walk or 1 min by tram. 5 mins walk to Emporium and Bourke Street Mall or 2 mins by tram. 5 mins tram to Flinders St Station and Federation Square.
There's a big Coles supermarket, 2 Woolworth Metro within 3 mins walk. 7-11 across the street. And 3 Big Asian Supermarket within 5 mins walk.