46 Haines StreetNorth Melbourne VIC 3051
Property Details for 46 Haines St, North Melbourne
Last Listing description (November 2023)
POINT OF INTEREST:
Much more than a convenient retail investment, this portfolio prize reaps the benefits of its location in its current and future state. A shopfront that has rarely seen a moment unoccupied is now on the market with a secure tenant in tow. A leasing income of nearly $35,000 per annum is guaranteed with two years to go on the current 5-year agreement and a fixed annual increase of 3%. The value isnt just in the internal figures, though. The city-fringe location has provided plenty of foot traffic, and so too have the surrounding businesses and amenities like the Royal Melbourne Hospital, a popular fish and chip shop, and the Albion Hotel on the corner. Whats more, a mega residential and urban design development is in the works and on the block, guaranteed to enhance all businesses with the same postcode. A central location includes clever commuting; the 57-tram is on your doorstep or the Citylink is under a kilometre away.
- Leased income of $34,750.96 per annum
- The 5-year lease commenced on the 8th of April, 2020
- Further lease terms of 2 x 5 years with a fixed annual increase of 3%
- Potential yield of over 5%
- 50 sqm* total building area
- 5 m* frontage to Haines Street
- Commercial 1 zoning
- 400 m* from Flemington Road
- 860 m* from the Citylink
POINT OF VIEW:
When the future premium apartments have their affluent renters, theyll be looking to spend their money on whats convenient and close by. The point: The only thing more lucrative than getting into the residential market here, is the retail real estate.
*Approx.
Pricing excludes GST
Property History for 46 Haines St, North Melbourne, VIC 3051
- 30 Apr 2025Sold for $500,000
- 25 May 2023Listed for Sale Contact Agent
- 08 Nov 1999Sold for $187,500
Recent sales nearby
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About North Melbourne 3051
The size of North Melbourne is approximately 2.4 square kilometres. There are 12 parks, covering nearly 4.7% of the total area. The population of North Melbourne in 2016 was 14940 people. By 2021 the population was 14953 showing a population growth of 0.1% in the area during that time. The predominant age group in North Melbourne is 20-29 years. Households in North Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Melbourne work in a professional occupation.In 2021, 33.00% of the homes in North Melbourne were owner-occupied compared with 28.50% in 2016.
North Melbourne has 12,812 properties. Over the last 5 years, Houses in North Melbourne have seen a -10.73% decrease in median value, while Units have seen a -6.01% decrease. As at 30 June 2026:
- The median value for Houses in North Melbourne is $1,239,553 while the median value for Units is $491,194.
- Houses have a median rent of $755 while Units have a median rent of $600.
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