FOR SALE
Sale Price Unavailable

57 Melville Road
Brunswick West VIC 3055

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 240m2
Land area: 491m2
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Prime Commercial Investment Opportunity at 57 Melville Road, Brunswick West

Prime Investment & Development Opportunity in the Heart of Brunswick West
57 Melville Road presents an exceptional opportunity to secure a blue-chip commercial asset with strong holding income and future-ready development potential in one of Melbourne’s most sought-after growth corridors.
Positioned in the thriving café and restaurant hub of Brunswick West, this property offers immediate cash flow and fully approved plans for a premium residential development, making it the perfect balance of short-term security and long-term upside.
Key Investment Highlights:
• Secure Income Stream:
Currently leased to a thriving hospitality operator, returning $116,000 per annum + GST, with a 3x3x3 lease structure and annual escalations – ensuring reliable income growth.
• Approved Residential Development:
Plans and permits in place for 9 luxury apartments, comprising:
• 8 x Two-Bedroom Residences
• 1 x Penthouse with Panoramic Views & Premium Finishes
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Property Details for 57 Melville Rd, Brunswick West

Building Type
Commercial
Floor Size
240m2
Land Size
491m2

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About Brunswick West 3055

The size of Brunswick West is approximately 3.2 square kilometres. It has 17 parks covering nearly 5.4% of total area. The population of Brunswick West in 2011 was 13,148 people. By 2016 the population was 14,162 showing a population growth of 7.7% in the area during that time. The predominant age group in Brunswick West is 20-29 years. Households in Brunswick West are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Brunswick West work in a professional occupation. In 2011, 51.5% of the homes in Brunswick West were owner-occupied compared with 49% in 2016.

Brunswick West has 9,633 properties. Over the last 5 years, Houses in Brunswick West have seen a 8.43% increase in median value, while Units have seen a -4.36% decrease. As at 28 February 2025:

  • The median value for Houses in Brunswick West is $1,266,187 while the median value for Units is $505,953.
  • Houses have a median rent of $660 while Units have a median rent of $475.
There are currently 35 properties listed for sale, and 17 properties listed for rent in Brunswick west on OnTheHouse. According to CoreLogic's data, 479 properties were sold in the past 12 months in Brunswick west.

Suburb Insights for Brunswick West 3055

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Kamal Kanaan
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all liability for any loss or damage arising in connection with the data and information contained in this publication.