381 High StreetMelton VIC 3337
Property Details for 381 High St, Melton
Last Listing description (September 2024)
This property presents an exceptional investment opportunity for astute investors or business owners alike.
This tightly held pocket of High Street provides great exposure to high foot traffic and excellent visibility.
With a reliable tenant already in place and surrounded by renowned brands, this commercial space promises excellent returns and long-term value.
Investment opportunity includes:
- Current lease at $51,480 INC GST per annum. ($4,680 INC GST per month).
- Lease commenced August 2022.
- Lease term = 4 + 4 + 4.
- 100% of building outgoings are covered by the renter, ensuring hassle-free ownership.
- 4% CPI rent review per annum.
- Rent due to increase by the 4% CPI this August 2024.
- Estimate outgoings $10,000 approx. per annum.
- Exposure to major transport links, including the Western Fwy and Melton Train Station, making it easily reachable from surrounding areas.
This is an excellent investment prospect in a vibrant commercial area, with its bustling commercial strip that attracts both locals and visitors.
*Commercial property site is for sale, business is not for sale.
(Photo ID is Required at all private inspections)
DISCLAIMER: Every precaution has been taken to establish the accuracy of the above information but it does not constitute any representation by the vendor or agent.
Property History for 381 High St, Melton, VIC 3337
- 05 Sep 2025Sold for $1,200,000
- 29 Nov 2024Sold for $1,000,000
- 08 Jul 2024Listed for Sale CONTACT AGENT
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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 5,350 properties. Over the last 5 years, Houses in Melton have seen a 38.36% increase in median value, while Units have seen a 36.13% increase. As at 30 November 2025:
- The median value for Houses in Melton is $534,731 while the median value for Units is $398,696.
- Houses have a median rent of $410 while Units have a median rent of $395.
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