255 High StreetMelton VIC 3337
Property Details for 255 High St, Melton
Last Listing description (August 2017)
Colliers International is pleased to offer this prime retail corner on the busy strip of High Street Melton. This is an opportunity for an investor to purchase a secure investment with 4 established tenants each sitting on separate titles, these freeholds will be sold in one line which allows for flexibility to sell down, renovate or redevelop in the future.
255 High Street, Melton is for sale by Expression of Interest closing Thursday 1st June at 3pm.
Key investment highlights include:
Current annual net income of $109,833* + GST + Outgoings
100% leased to four established tenants
Excellent corner position anchored by retail and national tenants
Highly exposed and dominant frontage of 24.2* metre onto High Street
Net Lettable area (NLA) of 368m *
16* car parks on-site
Public Use Zone
*Approx
For more information or if you would like to arrange an inspection, please contact the Exclusive Sales agents below:
Jeremy Gruzewski
+61 422 211 021
Jackie Hanna
+ 61 421 949 903
Property History for 255 High St, Melton, VIC 3337
- 02 May 2017Listed for Sale By Expression of Interest Thursday 1st June at 3pm
Recent sales nearby
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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.
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