258 High StreetMelton VIC 3337
Property Details for 258 High St, Melton
Last Listing description (October 2023)
An outstanding investment opportunity awaits with this two-tenant commercial property located in an exceptional location at 258 High St and 15 Wallace Sq. The building spans approximately 162m2, and the combined rental return of both tenants is an impressive $50,083.00 p.a., plus GST and outgoings.
The High St tenancy is currently leased until May 2025 with two further options. The rental income for this tenancy includes CPI annual increases, ensuring that the rental income keeps pace with inflation and providing a stable and secure return on investment. The Wallace Sq tenancy is also currently leased until June 2025 with CPI annual increases, adding to the secure and stable investment opportunity presented by this property.
The location of this commercial property is exceptional, situated in a highly sought-after area that enjoys high levels of foot traffic and visibility. The building is well-presented and maintained providing a turn-key investment opportunity for the discerning investor.
This property presents an ideal investment opportunity for those looking for a solid return on investment, stable rental income, and potential for future capital growth. 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.
Property History for 258 High St, Melton, VIC 3337
- 25 Sep 2025Sold for $1,000,000
- 04 May 2023Listed for Sale Contact Agent
- 24 Apr 2020Listed for Rent $26,000 / year
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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 39.60% increase in median value, while Units have seen a 28.31% increase. As at 31 January 2026:
- The median value for Houses in Melton is $549,388 while the median value for Units is $415,184.
- Houses have a median rent of $410 while Units have a median rent of $390.
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