254 High StreetMelton VIC 3337
Property Details for 254 High St, Melton
Last Listing description (May 2023)
Introducing an exceptional commercial real estate opportunity, situated in the heart of bustling High Street, this property is a true gem. With a great tenant already in place, generating an impressive rental income of $23,954.40 per annum, plus GST and outgoings, this property is a smart investment that is sure to deliver.
The premises span approximately 69 square metres on 128m2 approx. of land and is leased until March 2025, providing a solid investment opportunity for the savvy investor. The property features rent reviews that occur annually in line with CPI, ensuring that the rental income keeps pace with inflation, and a market review at renewal that ensures that the rental income stays competitive in the market.
With such an outstanding location on a High Street, this property enjoys high levels of foot traffic and visibility, making it an ideal choice for a range of businesses. The property is well-maintained and presented, providing a turn-key investment opportunity for the discerning investor.
This property is a must-see for anyone looking for a sound commercial real estate investment. Don't miss out on the chance to own a piece of prime real estate in a highly sought-after location. Contact us today to arrange a viewing and discover the full potential of this outstanding investment opportunity.
Seeking Expressions of Interest by the 28TH April 2023 unless sold prior to.
Call Garry Gale 0419523559
Property History for 254 High St, Melton, VIC 3337
- 05 Apr 2023Sold for $600,000
- 28 Mar 2023Listed for Sale Expressions of Interest
- 07 Mar 2008Listed for Rent - Price not available
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About Melton 3337
The size of Melton is approximately 20.3 square kilometres. It has 23 parks covering nearly 11.7% of total area. The population of Melton in 2016 was 8069 people. By 2021 the population was 7953 showing a population decline of 1.4% in the area during that time. The predominant age group in Melton is 30-39 years. Households in Melton are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melton work in a machinery operators and drivers occupation.In 2021, 62.10% of the homes in Melton were owner-occupied compared with 63.20% in 2016.
Melton has 5,360 properties. Over the last 5 years, Houses in Melton have seen a 35.02% increase in median value, while Units have seen a 35.89% increase. As at 31 March 2026:
- The median value for Houses in Melton is $557,486 while the median value for Units is $440,165.
- Houses have a median rent of $410 while Units have a median rent of $393.
Suburb Insights for Melton 3337
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