SOLD
Sold on 05 Apr 2024 for $2,250,000

163 King Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: -
Car spaces: -
Floor area: 69m2
Land area: 657m2
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Property Details for 163 King St, Melbourne

Building Type
Commercial
Year Built
1974
Floor Size
69m2
Land Size
657m2
Local Government
Melbourne
Lot/Plan
2/PS627029

Last Listing description (November 2023)

Teska Carson is pleased to offer Shop 2, 163 King Street, Melbourne for sale.

Located in King Street's entertainment and office precinct and close to the busy intersection of Bourke Street, this location is second to none.

Key attributes:

- Tenant: 7-Eleven since 2006
- Gross Rental: $151,708 p.a.*
- Area: 130m2*
- Frontage to King Street of 7.7 metres*
- Excellent exposure to King Street precinct

For further information or to arrange an inspection, please call.

*Approx.

Property History for 163 King St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$2,250,000
05 Apr 2024
  • 05 Apr 2024
    Sold for $2,250,000
  • 04 Oct 2023
    Listed for Sale Contact Agent
  • 19 Jun 2009
    Sold for $1,570,000

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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation. In 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.

Melbourne has 61,325 properties. Over the last 5 years, Houses in Melbourne have seen a 33.57% increase in median value, while Units have seen a 2.46% increase. As at 31 August 2024:

  • The median value for Houses in Melbourne is $1,218,497 while the median value for Units is $465,019.
  • Houses have a median rent of $600 while Units have a median rent of $645.
There are currently 295 properties listed for sale, and 265 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2056 properties were sold in the past 12 months in Melbourne.

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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 for any loss or damage arising in connection with the data and information contained in this publication.