Property Details for 16 Degraves St, Melbourne
Last Listing description (April 2014)
Melbourne CBD Retail on iconic Degraves Street
??? Outstanding opportunity to acquire a securely leased investment property on one of Melbourne???s busiest and most famous laneways
??? Situated on the eastern side of Degraves Street, in between Flinders Street and Flinders lane, this property enjoys one of Melbourne???s pre-eminent retailing positions in the heart of the CBD
??? Leased to established licence caf??/restaurant Il Tempo
??? Returning a current income of $155,000 pa (plus GST)
??? Three (3) further options of five (5) years
??? Fixed annual increases of 4% pa
??? Tenant pays all outgoings (except land tax)
On instructions from Ferrier Hodgson as Agents for the Mortgagee
FOR SALE BY PUBLIC AUCTION
11am Thursday 3 April 2014 on site
Property History for 16 Degraves St, Melbourne, VIC 3000
- 04 Mar 2014Listed for Sale Not Disclosed
- 09 Jul 2010Listed for Sale Not Disclosed
Recent sales nearby
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About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.
Melbourne has 64,229 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:
- The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
- Houses have a median rent of $635 while Units have a median rent of $660.
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