GROUND FLOOR/78 Howard StreetNorth Melbourne VIC 3051
Property Details for Ground Floor/78 Howard St, North Melbourne
Last Listing description (November 2017)
COLLIERS INTERNATIONAL IS PLEASED TO PRESENT THE OPPORTUNITY TO PURCHASE 78 HOWARD STREET, NORTH MELBOURNE WITH THE FOLLOWING KEY ATTRIBUTES: FULLY LEASED HOSTEL TO LONG STANDING AND ESTABLISHED NATIONAL TENANT YHA OFFERED WITH A SUBSTANTIAL INCOME OF $550,000* NET PER ANNUM, SUITABLE FOR; INVESTORS, FUTURE OCCUPIERS AND LAND BANKERS SECURE 5 X 5 X 5 YEAR LEASE WITH FLEXIBILITY AFTER THE FIRST TERM (ENDING 2022) WITH THE OPPORTUNITY TO EXERCISE A DEMOLITION CLAUSE SIGNIFICANT UNDERLYING LAND AREA OF 1,159M2 WITH A FLEXIBLE MIXED-USE ZONING (MUZ) PROVIDING UNRIVALLED FUTURE UPSIDE A BROAD STREET FRONTAGE TO HOWARD STREET TOTALLING 37M*, WITH REAR ACCESS TO COURTNEY STREET AND 17 SECURE ON-SITE CAR SPACES SOUGHT-AFTER NORTH MELBOURNE LOCATION WITHIN PROXIMITY TO AN ARRAY OF WORLD-CLASS AMENITY INCLUDING SOME OF MELBOURNE S BEST CAFES, RESTAURANTS AND RETAILERS WALKING DISTANCE TO MELBOURNE UNIVERSITY, THE NEW PETER MACCALLUM CANCER CENTRE, MELBOURNE METRO RAIL AND THE NEARBY QUEEN VICTORIA MARKET, SET TO RAPIDLY STIMULATE THE PRECINCT WITH A $250M RENEWAL AN EXTREMELY RARE OPPORTUNITY IN ONE OF MELBOURNE S HOTTEST SUBURBS, NOT TO BE MISSED*FIGURES ARE APPROXIMATE.FOR SALE BY INTERNATIONAL EXPRESSIONS OF INTEREST, CLOSING WEDNESDAY 6TH DECEMBER 12PM.TO ARRANGE AN INSPECTION OR FOR MORE INFORMATION PLEASE CONTACT COLLIERS INTERNATIONAL AS THE EXCLUSIVE SELLING AGENTS.OLIVER HAY +61 419 528 540DANIEL WOLMAN +61 412 957 839GUY WELLS +61 405 612 416
Property History for Ground Floor/78 Howard St, North Melbourne, VIC 3051
- 13 Apr 2023Sold for $15,125,000
- 17 Apr 2018Sold for $12,209,999
- 22 Dec 2017Sold for $11,100,000
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0About 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 12,823 properties. Over the last 5 years, Houses in North Melbourne have seen a -14.47% decrease in median value, while Units have seen a -2.46% decrease. As at 31 July 2026:
- The median value for Houses in North Melbourne is $1,238,107 while the median value for Units is $502,125.
- Houses have a median rent of $760 while Units have a median rent of $610.
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