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46 Haines Street, North Melbourne, VIC, 3051

2. Property Highlights

Attention $650,000 Plus Buyers


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 nearly $35,000 per annum is guaranteed with two years to go on the current 5-year agreement and a fixed annual increase of 3%. 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 $34,750.96 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 5%

-    5 m* frontage to Haines Street

-    50 sqm* total building area

-    Commercial 1 zoning

-    400 m* from Flemington Road

-    860 m* from the Citylink


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.


Pricing excludes GST

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3. Property Location

46 Haines Street, North Melbourne, VIC, 3051

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4. Due Diligence

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46 Haines Street, North Melbourne, VIC, 3051 North Melbourne
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