256 High StreetMelton VIC 3337
Property Details for 256 High St, Melton
Last Listing description (May 2023)
Welcome to an exciting investment opportunity in the heart of a bustling High Street. This commercial property features approximately 127m2 of land, including a well-presented shop spanning 69m2. Currently secured by a lease agreement until February 2024, with the option for 2 further 5-year terms, this property presents a solid investment opportunity.
Generating a rental income of $24,433.44 per annum, this property is a smart investment that is sure to deliver. With a long-term tenant in place, this investment offers stability and security for the savvy investor including cpi increases annually and market reviews at each term. The property is well presented, providing a turn-key investment opportunity for those looking to add to their portfolio.
Located in the heart of a bustling High Street, this property enjoys high levels of foot traffic and visibility, making it an ideal choice for a range of businesses. With the opportunity to secure a long-term tenant and the potential for future capital growth, this investment is an excellent opportunity for the astute investor.
Don't miss out on the chance to own a prime piece of 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 256 High St, Melton, VIC 3337
- 20 Apr 2023Sold for $552,500
- 28 Mar 2023Listed for Sale Expressions of Interest
- 29 Oct 2013Listed 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 5,349 properties. Over the last 5 years, Houses in Melton have seen a 40.11% increase in median value, while Units have seen a 26.80% increase. As at 31 December 2025:
- The median value for Houses in Melton is $545,354 while the median value for Units is $409,113.
- Houses have a median rent of $410 while Units have a median rent of $390.
Suburb Insights for Melton 3337
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