FOR SALE
Contact Ross 0409325411

468 High Street
Melton VIC 3337

Bedrooms: -
Bathrooms: -
Car spaces: 5
Floor area: 110m2
Land area: 585m2
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This Is Great Opportunity Invest Now For The Future.

**For Sale 468 High Street, Melton**
Prime Position in High Foot Traffic Area RGZ(1) Zone
- **Location**: Situated on the bustling High Street, just metres from Woodgrove Shopping Centre and High Street Central Shopping. This location ensures high visibility and accessibility to potential clients.
- **Current Use**: Currently leased to a service business generating $26,000 annually, making it a lucrative investment opportunity due to end December 2024.
- **Suitability**: Ideal for a small business owner looking to establish a presence in a high-profile area. The space is versatile and can cater to a variety of service-based enterprises.
- **Investment Potential**: With a stable lease obtainable and the possibility for long term tenancy, this property presents a fantastic opportunity for future growth and investment.
This versatile residential/commercial use property, ideally situated in the Residential Growth Zone (RGZ1), featuring a 25year long-term business in place due to vacate December 2024 gives the owner occupier who wants to work from home the perfect setup.
This property is perfect for a business seeking a strategic and convenient location or an investor looking for a valuable asset with versatile use potential. Don't miss out on this incredible commercial opportunity at 468 High Street, Melton. Contact Ross Cooper 0409325411
Property Code: 1982
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Property Details for 468 High St, Melton

Building Type
Commercial
Floor Size
110m2
Land Size
585m2

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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 5,120 properties. Over the last 5 years, Houses in Melton have seen a 23.99% increase in median value, while Units have seen a 14.12% increase. As at 30 September 2024:

  • The median value for Houses in Melton is $475,219 while the median value for Units is $370,444.
  • Houses have a median rent of $400 while Units have a median rent of $370.
There are currently 52 properties listed for sale, and 26 properties listed for rent in Melton on OnTheHouse. According to CoreLogic's data, 212 properties were sold in the past 12 months in Melton.

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Ross Cooper
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Coopers Real Estate - WILLIAMSTOWN
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