50-52 Little Bourke StreetMelbourne VIC 3000
Property Details for 50-52 Little Bourke St, Melbourne
Last Listing description (November 2016)
SAVILLS IS DELIGHTED TO OFFER FOR SALE THIS LANDMARK CBD PROPERTY, HOME TO THE ICONIC SHARK FIN INN RESTAURANT: A PRIME TWO LEVEL CORNER RETAIL FREEHOLD PROPERTY OF 500SQ M* LEASED TO THE ICONIC SHARK FIN INN RESTAURANT IN OCCUPATION SINCE 1980 LONG TERM LEASE UNTIL JUNE 2021 + 5 + 5 YEARS CURRENT NET RENTAL: $250,523 PER ANNUM* VALUABLE CORNER LAND HOLDING OF 264SQ M* FIXED ANNUAL RENTAL INCREASES TWO EXTENSIVE STREET FRONTAGES TOTALLING 37 METRES* A REMARKABLE LOCATION WITHIN THE 24-HOUR CHINATOWN DISTRICT OF MELBOURNE S EAST END A VERY RARE OPPORTUNITY TO SECURE A CBD FREEHOLD PROPERTY WITH UNPRECEDENTED UPSIDE POTENTIAL!FOR FURTHER INFORMATION REGARDING THIS FANTASTIC INVESTMENT OPPORTUNITY, PLEASE CONTACT:CLINTON BAXTER 0413 569 888NICK PEDEN 0402 011 266
Property History for 50-52 Little Bourke St, Melbourne, VIC 3000
- 18 Nov 2016Listed for Sale Not Disclosed
- 12 Oct 2015Listed for Sale Not Disclosed
- 05 Aug 2014Sold for $6,228,000
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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 64,265 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:
- The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
- Houses have a median rent of $700 while Units have a median rent of $672.
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