3/166 Albert StreetEast Melbourne VIC 3002
Property Details for 3/166 Albert St, East Melbourne
Last Listing description (July 2024)
Nelson Alexander Commercial are delighted to offer For Private Sale this blue-chip East Melbourne investment opportunity. Located at the base of the stylish Tribeca Apartment Complex and leased to award winning and hugely popular Lifes Too Short Bar this is a fantastic investment opportunity for the astute investor. East Melbourne is one of Melbournes most affluent suburbs and this securely tenanted investment with a long lease and excellent rent return is the perfect set and forget asset to add to your portfolio.Property Features: Zoned Mixed Use Floor Area 95sqm (approx.) Long Term Lease Blue Chip East Melbourne Location Excellent Rental Yield Lease Term 3 Years (+3) Lease Start Date 29/08/23 Award Winning Tenant (Lifes Too Short Bar) Public transport at your doorstep and a stones throw to the CBD Fantastic Opportunity Not To Be Missed!For all property enquiries or to arrange an inspection please contact exclusive selling agents Nelson Alexander Commercial on 9419 5511.
Property History for 3/166 Albert St, East Melbourne, VIC 3002
- 01 Jun 2024Listed for Sale Contact Agent
- 01 Jun 2024Sold for $653,000
- 10 Oct 2011Sold for $378,200
Recent sales nearby
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About East Melbourne 3002
The size of East Melbourne is approximately 1.9 square kilometres. There are 10 parks, covering nearly 46.0% of the total area. The population of East Melbourne in 2016 was 4964 people. By 2021 the population was 4896 showing a population decline of 1.4% in the area during that time. The predominant age group in East Melbourne is 30-39 years. Households in East Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in East Melbourne work in a professional occupation.In 2021, 44.80% of the homes in East Melbourne were owner-occupied compared with 43.60% in 2016.
East Melbourne has 5,829 properties. Over the last 5 years, Houses in East Melbourne have seen a -10.47% decrease in median value, while Units have seen a -2.25% decrease. As at 31 July 2026:
- The median value for Houses in East Melbourne is $3,171,102 while the median value for Units is $751,974.
- Houses have a median rent of $1,150 while Units have a median rent of $680.
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