168-170 Rathdowne StreetCarlton VIC 3053
Property Details for 168-170 Rathdowne St, Carlton
Last Listing description (September 2021)
DOUBLED FRONTED RATHDOWNE STREET FREEHOLD INVESTMENT LEASED TO HOSPITALITY INSTITUTION
+ 100% leased to the Olive Jar, icon of the inner north with 60+ years hospitality experience
+ Providing a net annual income of $62,337*^ + GST + Outgoings (after land tax) with fixed 3% rental increases annually
+ Versatile 179sqm* retail/residential building with prime 8m* double frontage to Rathdowne Street and the flexibility of rear lane access
+ Rear access provides the current tenant the ability to re-stock without impacting customer experience (sought after by retailers), additionally the separate access can be used to access the level 1 residence
+ Embraced by the ever-vibrant buzz of Melbourne's city edge, located moments from Melbourne University, the Lygon Street precinct and within a short stroll to public transport and parklands
+ Held within one of Melbourne's most tightly held and affluent retail and residential areas
For information please contact the exclusive sales and marketing agents:
Jing Jun (JJ) Heng
+61 411 059 116
jj.heng@cbre.com.au
Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
*approx
^Forecasted as at December 2019
Property History for 168-170 Rathdowne St, Carlton, VIC 3053
- 03 Sep 2021Listed for Sale SOLD - $1,350,000
- 06 Dec 2019Sold - Price Undisclosed
- 01 Nov 2019Listed for Sale Contact Agent
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0About Carlton 3053
The size of Carlton is approximately 1.7 square kilometres. It has 9 parks covering nearly 20.9% of total area. The population of Carlton in 2016 was 18535 people. By 2021 the population was 16055 showing a population decline of 13.4% in the area during that time. The predominant age group in Carlton is 20-29 years. Households in Carlton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carlton work in a professional occupation.In 2021, 23.30% of the homes in Carlton were owner-occupied compared with 18.60% in 2016.
Carlton has 16,032 properties. Over the last 5 years, Houses in Carlton have seen a 11.55% increase in median value, while Units have seen a -2.13% decrease. As at 30 November 2025:
- The median value for Houses in Carlton is $1,669,881 while the median value for Units is $337,144.
- Houses have a median rent of $675 while Units have a median rent of $550.
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