Property Details for 468 High St, Melton
Last Listing description (January 2025)
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
Property History for 468 High St, Melton, VIC 3337
- 25 Feb 2025Sold - Price Undisclosed
- 12 Sep 2024Listed for Sale Contact Ross 0409325411
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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 2016 was 8069 people. By 2021 the population was 7953 showing a population decline of 1.4% in the area during that time. The predominant age group in Melton is 30-39 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 machinery operators and drivers occupation.In 2021, 62.10% of the homes in Melton were owner-occupied compared with 63.20% in 2016.
Melton has 5,361 properties. Over the last 5 years, Houses in Melton have seen a 34.89% increase in median value, while Units have seen a 38.63% increase. As at 28 February 2026:
- The median value for Houses in Melton is $550,500 while the median value for Units is $432,001.
- Houses have a median rent of $410 while Units have a median rent of $390.
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