176 Victoria StreetSeddon VIC 3011
Property Details for 176 Victoria St, Seddon
Last Listing description (November 2023)
This rare investment opportunity offers an outstanding chance to secure Seddon's best retail asset, The Happy Apple which is a traditional Greengrocer has multiple store locations around Melbourne, offering great in store experience and quality produce while superbly located in the heart of Victoria Streets' retail hub. The Happy Apple is a staple in the humble suburb of Seddon, this proven asset provides a secure income of $380,000* p.a. Net with a brand new ten (10) year term commencing the 1st of October 2023 and options until 2048.
Ideally positioned at 176-178 Victoria Street in Seddon, this location seamlessly combines urban convenience with a welcoming neighbourhood vibe. Only 7km* from Melbourne's dynamic CBD, this address ensures easy access to the city's core.
Key Highlights:
- Rent: $380,000* p.a. +Outgoings +GST
- Brand new 25 years lease - 10 + 5 + 5 + 5 years to long-standing reputable tenant with multiple locations
- Commencing: 1st October 2023
- Reviews: 3% p.a. active from Oct 2026
- Options: Five (5) + five (5) + five (5) years
- 100% leased to The Happy Apple
- Tenant liable for all outgoings under the lease
- Vibrant inner city freestanding investment class
- Land area: 1,003 m2*
- Building area: 990 m2*
- Located in the heart of Victoria Street
- 24m* frontage to Victoria Street
- Two street frontage, delivery access from Vigo Street plus multiple lane access from Gledhill Street and Windsor Street
- Seddon's population forecast is continuing to grow by a further 30%* by 2051
- The flexible commercial 1 zoning (C1Z) provides future development upside allowing for Multi-Level Construction (STCA)
*approx
To book a private inspection or for further details please contact one of Gross Waddell ICR's exclusive selling agents
Property History for 176 Victoria St, Seddon, VIC 3011
- 28 Mar 2025Sold for $6,250,000
- 06 Sep 2023Listed for Sale Contact Agent
- 24 Apr 2015Listed for Sale Not Disclosed
Recent sales nearby
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About Seddon 3011
The size of Seddon is approximately 0.9 square kilometres. It has 7 parks covering nearly 2.5% of total area. The population of Seddon in 2016 was 5123 people. By 2021 the population was 5143 showing a population growth of 0.4% in the area during that time. The predominant age group in Seddon is 30-39 years. Households in Seddon are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Seddon work in a professional occupation.In 2021, 58.90% of the homes in Seddon were owner-occupied compared with 57.00% in 2016.
Seddon has 3,117 properties. Over the last 5 years, Houses in Seddon have seen a 5.01% increase in median value, while Units have seen a 18.19% increase. As at 30 November 2025:
- The median value for Houses in Seddon is $1,139,627 while the median value for Units is $640,818.
- Houses have a median rent of $680 while Units have a median rent of $550.
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