SOLD
Sold on 25 Sep 2024 for $2,010,000

16-18 Palmerston Street
Melton VIC 3337

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Floor area: 114m2
Land area: 2686m2
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Property Details for 16-18 Palmerston St, Melton

Building Type
Commercial
Floor Size
114m2
Land Size
2686m2
Local Government
Melton
Lot/Plan
4/LP110819

Last Listing description (January 2023)

Affordable Modern Office/Warehouse
Excellent staff amenity
Street Frontage & Onsite Car Parking

**Auction: Thursday 20th October at 1:00 pm onsite**

Barry Plant Melton is proud to offer this prime office/warehouse, located just off High street, Melton Business District and within close proximity to Woodgrove shopping centre, Bunnings Warehouse and other public amenities.
Located nearby to the Western Freeway, in Industrial Zone 3, this warehouse is a great opportunity for an owner-occupier or investor.
This property presents particularly well and offers exceptional value.

Key features:

- Office/warehouse plus showroom
-Total allotment Size 2,685m2 (Approximately)
- Office/ Warehouse 670m2 (Approximately)
- office complete with staff amenities
- Container Height Electric roller door
- Heigh Clearance Warehouse
- Multiple onsite car parks
- Strong business exposure
- Suitable for Investors, SMSF or Owner Occupiers

Auction terms; Settlement 30/60/90 days with a 10% deposit on auction day. Auction will be conducted at the premises.

For further information or to schedule an inspection please be in touch with Ned Nikolic on 0401 284 479 or AJ 0451 828 448

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Property History for 16-18 Palmerston St, Melton, VIC 3337

A timeline of how this property has performed in the market
Last Sold
$2,010,000
25 Sep 2024
  • 25 Sep 2024
    Sold for $2,010,000
  • 20 Oct 2022
    Sold for $1,905,000
  • 21 Sep 2022
    Listed for Sale Contact Agent
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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 5,170 properties. Over the last 5 years, Houses in Melton have seen a 22.11% increase in median value, while Units have seen a 23.33% increase. As at 30 November 2024:

  • The median value for Houses in Melton is $474,970 while the median value for Units is $375,335.
  • Houses have a median rent of $400 while Units have a median rent of $380.
There are currently 55 properties listed for sale, and 25 properties listed for rent in Melton on OnTheHouse. According to CoreLogic's data, 215 properties were sold in the past 12 months in Melton.

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