6/480-490 Collins StreetMelbourne VIC 3000
Property Details for 6/480-490 Collins St, Melbourne
Last Listing description (June 2023)
High Quality CBD Investment 6.5% Net Yield
Buy one, two or three!
Hudson Bond Commercial is delighted to bring to market 3 ground floor Restaurant investments within the bustling hospitality arcade at 480 Collins Street in the CBD.
Perfectly positioned on Collins Street with plenty of foot traffic and in close proximity to Southern Cross Station, Rialto Tower, Williams Road and tram networks.
Details as follows:
Shop: T6 , 480 Collins Street, Melbourne.
Yearly rent: $49,920 + GST
Yearly rent increases: 4%
Lease term: 4 + 4
Sale Price $770,000
Shop: T8, 480 Collins Street, Melbourne.
Yearly rent: $64,040 + GST
Yearly rent increases: 4%
Lease term: 5 + 5
Sale Price $985,000
Shop: T9, 480 Collins Street, Melbourne.
Yearly rent: $61,871 + GST
Yearly rent increases: 4%
Lease term: 5 + 5 + 5
Sale Price $950,000
For further information or to arrange an inspection, please contact the Hudson Bond Commercial Team today.
Property History for 6/480-490 Collins St, Melbourne, VIC 3000
- 28 Nov 2022Listed for Sale $770,000
- 28 May 2015Listed for Sale Not Disclosed
- 09 Jan 2015Listed for Sale FOR SALE $158,000
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 64,288 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:
- The median value for Houses in Melbourne is $2,044,589 while the median value for Units is $436,832.
- Houses have a median rent of $640 while Units have a median rent of $670.
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