FOR SALE
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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

Seize the chance to own a piece of Brunswick West’s future with 57 Melville Road, a prime commercial property boasting a solid foundation for growth and development. Currently home to a thriving café and restaurant precinct, this property not only offers immediate cash flow but also an exceptional development upside, approved for a sophisticated residential transformation.
Investment Highlights:
- Current Income Stream: With a robust lease yielding $116,000 per annum + GST, under a secure 3x3x3 year term, you can enjoy a steady revenue with escalation clauses that promise growth.
- Approved Development: Permits in place for 9 high-end apartments, including 8 two-bedroom dwellings and a luxurious three-bedroom penthouse, catering to the strong residential demand in the heart of Brunswick West.
- Location Advantage: Positioned on the bustling Melville Road, the property reaps the benefits of high foot traffic and visibility, making it a coveted spot for both commercial and residential occupants.
- ROI Potential: With a forecasted return on investment from 6% ROI, this opportunity is set to meet the expectations of discerning investors looking for both yield and capital growth potential.
Development Potential:
Crafted with an architectural vision that blends urban chic with comfort, the approved residential project is an ode to modern living. Each apartment is designed to offer space, light, and a connection to the vibrant community, while the crown jewel penthouse promises panoramic views and upscale amenities.
Strategic Investment:
Whether you’re looking to bank on the current income or capitalise on the development potential, 57 Melville Road is a strategic asset that offers more than just a slice of real estate – it’s a gateway to long-term value in a suburb on the rise.

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 9,629 properties. Over the last 5 years, Houses in Brunswick West have seen a 10.11% increase in median value, while Units have seen a -1.59% decrease. As at 31 January 2025:

  • The median value for Houses in Brunswick West is $1,234,004 while the median value for Units is $509,908.
  • Houses have a median rent of $685 while Units have a median rent of $480.
There are currently 35 properties listed for sale, and 28 properties listed for rent in Brunswick west on OnTheHouse. According to CoreLogic's data, 472 properties were sold in the past 12 months in Brunswick west.

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