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Multi-unit Property

153 Victoria Avenue

Albert Park VIC 3206, Australia

- Parking
76 m² Land size
$250,000 Last sale (1999)
Multi-unit Complex profile

About this commercial property

153 Victoria Avenue is in Albert Park, VIC and is presented as a House. The address refers to a multi-unit development set on a land parcel of 76 m². 153 Victoria Avenue is a mixed‑use building with a ground‑floor pizza restaurant (Favori Pizza) and an upper residential townhouse/unit Sold for $250,000 on 21 Jan 1999.

The estimated market value per unit is $620,000 and the estimated weekly rent per unit is $860 per week

Key details

Locality
Albert Park
State
VIC
Coordinates
37.8465352 / 144.94955509
GNAF PID
GAVIC410730156
Legal parcel ID
1\PS424346
Remoteness area
Metro
Property type
Commercial
Land size
76 m²
Internal area
70-94 m² (estimate per unit)
Unit land size
76 m² (estimate per unit)
Internet
NBN FTTC on‑site; FTTP upgrade possible
Mobile coverage
5G
Bushfire risk
None detected
Flood risk
None detected
Heritage overlay
Detected
Land Use Category
Commercial

Commercial property information

Favori Pizza
Restaurant
Food & Drink Amenity
Verified at this address

Listed on official website and business directory as located at 153 Victoria Avenue.

Italian‑style pizza restaurant offering dine‑in, online ordering and table reservation.
Opening hours
Monday
05:00‑21:30
Tuesday
05:00‑21:30
Wednesday
05:00‑21:30
Thursday
05:00‑21:30
Friday
05:00‑21:30
Saturday
17:00‑21:30
Sunday
17:00‑21:30
Reviews

Average rating 4.4 from over 150 reviews.

Observed facts
Cuisine
Pizza
OpenStreetMap
Rating
4.4 stars

Market estimates

Based on curated rent estimate, web rent evidence, web value evidence.

Expected weekly rent per unit
$860
Expected property value per unit
$620,000
Estimated yield
7.21%
Confidence
Medium

Based on the comparable property evidence currently available.

Sales history

Sales figures shown here are for individual units within the property, not the whole site.

EventDatePricePrice per m²
Sale
21 Jan 1999
Individual unit transaction; unit not specified in source.
$250,000$3,289
Sale
9 May 1998
Individual unit transaction; unit not specified in source.
$382,000$5,026
Sale
1 Feb 1987
Individual unit transaction; unit not specified in source.
$200,000$2,631
Sale
9 Dec 1977
Individual unit transaction; unit not specified in source.
$44,000$578
Sale
29 Jan 1975
Individual unit transaction; unit not specified in source.
$27,000$355

Price per m² based on unit land size of 76 m².

Property insights

Building profile

  • 153 Victoria Avenue is a mixed‑use building with a ground‑floor pizza restaurant (Favori Pizza) and an upper residential townhouse/unit Bathrooms Aussie

Property Features

  • Mixed‑use building with ground‑floor pizza restaurant Bathrooms Aussie
  • Mid‑range value estimate $620k: Estimated market value from and (April 2026)
  • Estimated weekly rent $635: Automated rent estimate (5.31% yield) from and
  • Car spaces: 1

Real Estate Agencies

Ordered by:
Gary Peer & Associates (St Kilda) - ST KILDA
3.6 km
Marshall White - Port Phillip
0.9 km
Buxton - Port Melbourne
1.2 km
Jellis Craig - Port Phillip
0.8 km
BigginScott - Richmond
4.5 km
Kay & Burton - Bayside
5.3 km
Nick Johnstone Real Estate - Brighton
7.7 km
WHITEFOX Real Estate - Port Phillip
0.8 km
James Nicolaou Real Estate - Port Phillip
1.1 km
Belle Property - Albert Park
0.5 km
Wilson Agents - Glen Eira
7.1 km
Melbourne Residential Real Estate - Southbank
4.1 km
Hodges - Prahran/South Yarra
3.8 km
* Approximate straight-line distances

Frequently asked questions

What building-wide details are listed?

153 Victoria Avenue is described with land size of 76 m²

Bathrooms Aussie
Which tram route runs along Victoria Avenue near the property?

Tram Route 1 runs along Victoria Avenue, providing frequent public‑transport access to the surrounding suburb

En.wikipedia.org
What commercial business operates at 153 Victoria Avenue?

The ground‑floor is occupied by Favori Pizza, an Italian‑style pizza restaurant offering dine‑in, online ordering and reservation services

Favoripizza.com.au
What asking price or listing price is shown?

153 Victoria Avenue includes Sold for $250,000 on 21 Jan 1999

Bathrooms Aussie
What Calculated market estimate or Estimated weekly rent is available?

The calculated market estimate per unit is $620,000, the calculated weekly rent per unit is $860 per week, and the indicative gross yield is 7.21%

Bathrooms Aussie
What recent sale price or sale history is recorded?

153 Victoria Avenue has a recorded sale at $250,000 on 21 Jan 1999

Bathrooms Aussie
What utilities, overlays, or risk details are noted?

Utilities and overlays include internet availability of NBN FTTC on‑site; FTTP upgrade possible, mobile coverage of 5G, and overlay details of bushfire Not detected and flood Not detected

Bathrooms Aussie
What features are highlighted?

Mixed‑use building with ground‑floor pizza restaurant. Mid‑range value estimate $620k: Estimated market value from and (April 2026). Estimated weekly rent $635: Automated rent estimate (5.31% yield) from and

Bathrooms Aussie

Related profiles

Jump to the related profiles for 153 Victoria Avenue, including the surrounding street and suburb pages.