46 Haines Street,
North Melbourne, VIC 3051
Shops & Retail
Key property information
Floor area
Zoning
Tenure type
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CVA Property Consultants - Melbourne
18-20 Russell StreetMELBOURNE, VIC 3000
04183431...
46 Haines Street
North Melbourne, VIC 3051
Map of 46 Haines Street
Attention $550,000 Plus Buyers.
POINT OF INTEREST:
Much more than a convenient retail investment, this portfolio prize reaps the benefits of its location in its current and future state. A shopfront that has rarely seen a moment unoccupied is now on the market with a secure tenant in tow. A leasing income of over $35,000 per annum is guaranteed with under year to go on the current 5-year agreement and further terms thereafter. The value isn’t just in the internal figures, though. The city-fringe location has provided plenty of foot traffic, and so too have the surrounding businesses and amenities like the Royal Melbourne Hospital, a popular fish and chip shop, and the Albion Hotel on the corner. What’s more, a mega residential and urban design development is in the works and on the block, guaranteed to enhance all businesses with the same postcode. A central location includes clever commuting; the 57-tram is on your doorstep or the Citylink is under a kilometre away.
- Leased income of $35,793.49 per annum.
- The 5-year lease commenced on the 8th of April 2020.
- Further lease terms of 2 x 5 years with a fixed annual increase of 3%.
- Potential yield of over 6%.
- 5 m* frontage to Haines Street.
- 50 sqm* total building area.
- Commercial 1 zoning.
- 400 m* from Flemington Road.
- 860 m* from the Citylink.
POINT OF VIEW:
When the future premium apartments have their affluent renters, they’ll be looking to spend their money on what’s convenient and close by. The point: The only thing more lucrative than getting into the residential market here, is the retail real estate.
*Approx.
Pricing excludes GST
Much more than a convenient retail investment, this portfolio prize reaps the benefits of its location in its current and future state. A shopfront that has rarely seen a moment unoccupied is now on the market with a secure tenant in tow. A leasing income of over $35,000 per annum is guaranteed with under year to go on the current 5-year agreement and further terms thereafter. The value isn’t just in the internal figures, though. The city-fringe location has provided plenty of foot traffic, and so too have the surrounding businesses and amenities like the Royal Melbourne Hospital, a popular fish and chip shop, and the Albion Hotel on the corner. What’s more, a mega residential and urban design development is in the works and on the block, guaranteed to enhance all businesses with the same postcode. A central location includes clever commuting; the 57-tram is on your doorstep or the Citylink is under a kilometre away.
- Leased income of $35,793.49 per annum.
- The 5-year lease commenced on the 8th of April 2020.
- Further lease terms of 2 x 5 years with a fixed annual increase of 3%.
- Potential yield of over 6%.
- 5 m* frontage to Haines Street.
- 50 sqm* total building area.
- Commercial 1 zoning.
- 400 m* from Flemington Road.
- 860 m* from the Citylink.
POINT OF VIEW:
When the future premium apartments have their affluent renters, they’ll be looking to spend their money on what’s convenient and close by. The point: The only thing more lucrative than getting into the residential market here, is the retail real estate.
*Approx.
Pricing excludes GST
North Melbourne, 3051 demographic data
The median household income for North Melbourne is $1,717, 10% lower than Greater Melbourne's household income of $1,901. North Melbourne has a younger age profile compared to the rest of Greater Melbourne (median age 31 vs 37). Property ownership data shows 57% of property owners in North Melbourne have a mortgage.
14,953
Population
$1,717 per week
Median household income
31 years
Median age
Renters
Most residents
Families
Most households
CVA Property Consultants - Melbourne18-20 Russell Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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