FOR SALE
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381 High Street
Melton VIC 3337

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 149m2
Land area: 149m2
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PROUDLY RAY WHITE DEER PARK

This property presents an exceptional investment opportunity for astute investors or business owners alike.
This tightly held pocket of High Street provides great exposure to high foot traffic and excellent visibility.
With a reliable tenant already in place and surrounded by renowned brands, this commercial space promises excellent returns and long-term value.
Investment opportunity includes:
- Current lease at $51,480 INC GST per annum. ($4,680 INC GST per month).
- Lease commenced August 2022.
- Lease term = 4 + 4 + 4.
- 100% of building outgoings are covered by the renter, ensuring hassle-free ownership.
- 4% CPI rent review per annum.
- Rent due to increase by the 4% CPI this August 2024.
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Property Details for 381 High St, Melton

Building Type
Commercial
Floor Size
149m2
Land Size
149m2

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About Melton 3337

The size of Melton is approximately 20.3 square kilometres. It has 23 parks covering nearly 11.7% of total area. The population of Melton in 2011 was 7,592 people. By 2016 the population was 8,063 showing a population growth of 6.2% in the area during that time. The predominant age group in Melton is 60-69 years. Households in Melton are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melton work in a trades occupation. In 2011, 64.8% of the homes in Melton were owner-occupied compared with 63.2% in 2016.

Melton has 5,161 properties. Over the last 5 years, Houses in Melton have seen a 22.63% increase in median value, while Units have seen a 13.90% increase. As at 31 October 2024:

  • The median value for Houses in Melton is $473,058 while the median value for Units is $373,025.
  • Houses have a median rent of $400 while Units have a median rent of $375.
There are currently 56 properties listed for sale, and 21 properties listed for rent in Melton on OnTheHouse. According to CoreLogic's data, 220 properties were sold in the past 12 months in Melton.

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Leigh Grixti
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Ray White Deer Park
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