Mixed-use Property

2/87 Merton Street

Albert Park VIC 3206, Australia

1 Bedrooms

1 Bathrooms

- Parking

486 m² Land size

- Internal area

About this property

2/87 Merton Street is in Albert Park, VIC and is presented as a Mixed Use with 1 bedroom, 1 bathroom, land size of 486 m². The address combines residential and commercial uses; the residential component is recorded as 1 bedroom and 1 bathroom; the commercial side includes Nopicnic and Personal Fitness.

2/87 Merton Street is a single‑bedroom, single‑bathroom residential unit (flat/apartment) located on the second floor of a ten‑unit residential block at 87 Merton Street, Albert Park Price: Off‑market. The estimated market value is $630,000 and the estimated weekly rent is $436 per week

Key details

Locality: Albert Park
State: VIC
Coordinates: 37.844007 / 144.955165
GNAF PID: GAVIC410730628
Legal parcel ID: 3~43M\PP3084D
Remoteness area: Metro
Property type: Mixed Use
Unit land size: 486 m²
Unit internal area: -
Internet: NBN Fibre‑to‑the‑Node (FTTN) up to 50 Mbps down / 20 Mbps up
Mobile coverage: 5G
Bushfire risk: None detected
Flood risk: SPECIAL BUILDING risk – SCHEDULE 2
Heritage overlay: HO442
Land Use Category: Mixed Use

Commercial property information

Nopicnic

Café

Food & Drink Cafe

Verified at this address

business directory top panel recommendation

Search ABN on Scoutize

Personal Fitness

Gym

Fitness Gym

Verified at this address

business directory top panel recommendation

Search ABN on Scoutize

Market estimates

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

Expected weekly rent

$436

Expected property value

$630,000

Estimated yield

3.6%

Confidence

Low

Based on the comparable property evidence currently available.

Sales history

Event	Date	Price	Price per m²
Sale	1 Jul 2023	—	—

Rental history

Event	Date	Weekly rent
Lease	31 Jul 2023	$350
Lease	18 Dec 2019	$300
Lease	4 Jan 2018	$290
Lease	10 Nov 2015	—
Lease	2 Feb 2012	—

Property insights

Building profile

2/87 Merton Street is a single‑bedroom, single‑bathroom residential unit (flat/apartment) located on the second floor of a ten‑unit residential block at 87 Merton Street, Albert Park

Property Features

Ground‑floor commercial premises (café & gym) within the building Google
Flood overlay: SPECIAL BUILDING OVERLAY – SCHEDULE 2
Mixed‑use building: Ground‑floor commercial tenants (café, gym) alongside residential units

Recorded sales and leasing agents

Recorded sale agency (2023 sale): Woodards Elsternwick recorded for the 2023 sale

Ownership mix

Approximate occupancy mix for the surrounding area

Owner-occupied

10%

Renter-occupied

90%

Area insights

The surrounding precinct places civic services within easy reach. The nearby mix of destinations supports everyday convenience and local foot traffic

Carter St/Mills St tram stop nearby public transport; 0.3 km away
Albert Park Post Office local postal services; 0.4 km away
Carter St/Mills St (Middle Park) tram stop in Melbourne, Australia; 0.3 km away
Hoyts Park Theatre former cinema landmark; 0.4 km away
Richardson St/Mills St (Middle Park) tram stop in Melbourne, Australia; 0.3 km away

Read suburb profile

Real Estate Agencies

Ordered by:

Marshall White

5.8 km

Head Office Level 1, 1111 High Street, Armadale, VIC 3143

Gary Peer & Associates (St Kilda) - ST KILDA

3.3 km

33 Inkerman Street, St Kilda, VIC 3182

Buxton - Brighton

8.6 km

Level 1, 28 Carpenter Street, Brighton, VIC 3186

Marshall White - Port Phillip

0.4 km

110 Bridport Street, Albert Park, VIC 3206

Buxton - Port Melbourne

1.3 km

370 Bay St, Port Melbourne, VIC 3207

The Agency - Victoria

6.4 km

Vic Head Office | Level 3/489 Toorak Road, Toorak, VIC 3142

Jellis Craig - Port Phillip

0.4 km

332 Montague Street, Albert Park, VIC 3206

Buxton - Albert Park

0.4 km

330 Montague Street, Albert Park, VIC 3206

BigginScott - Richmond

4.0 km

28 Bridge Road, Richmond, VIC 3121

Kay & Burton - Bayside

4.8 km

7/505 Toorak Road, Toorak, VIC 3142

RT Edgar

4.6 km

10 Wallace Avenue, Toorak, VIC 3142

Nick Johnstone Real Estate - Brighton

7.8 km

248 Esplanade, Brighton, VIC 3186

WHITEFOX Real Estate - Port Phillip

0.4 km

317A Montague Street, Albert Park, VIC 3206

James Nicolaou Real Estate - Port Phillip

1.5 km

Level 1,189 Rouse Street, Port Melbourne, VIC 3207

Belle Property - Albert Park

0.3 km

29 Victoria Avenue, Albert Park, VIC 3206

Wilson Agents - Glen Eira

6.8 km

195 Balaclava Road, Caulfield North, VIC 3161

Evoke Property

1.5 km

Level 5, 111 Cecil Street, South Melbourne, VIC 3205

Melbourne Residential Real Estate - Southbank

3.6 km

Level 14/460 Lonsdale Street, Melbourne, VIC 3000

Hodges - Prahran/South Yarra

3.3 km

2 Chatham Street, Prahran, VIC 3181

* Approximate straight-line distances

Nearby schools

Type:

Ordered by:

Albert Park Primary School

0.3 km

Primary school | Government

Middle Park Primary School

0.5 km

Primary school | Government

Albert Park College

0.7 km

Secondary school | Government

South Melbourne Park Primary School

0.8 km

Primary school | Government

Galilee Regional Catholic Primary School

0.9 km

Primary school | Independent

Port Phillip Specialist School

1.4 km

Special school | Government

Montague Continuing Education Centre

1.6 km

Special school | Government

South Melbourne Primary School

1.7 km

Primary school | Government

Macrobertson Girls High School

1.7 km

Secondary school | Government

Victorian College of the Arts Secondary School

1.9 km

Secondary school | Government

Melbourne Grammar School

2.0 km

Combined school | Independent

Port Melbourne Primary School

2.2 km

Primary school | Government

Wesley College

2.2 km

Combined school | Independent

St Kilda Park Primary School

2.5 km

Primary school | Government

South Yarra Primary School

2.7 km

Primary school | Government

Port Melbourne Secondary College

2.4 km

Secondary school | Government

Melbourne Girls' Grammar School - An Anglican School

2.9 km

Combined school | Independent

Prahran High School

3.3 km

Secondary school | Government

Ozford College

3.5 km

Secondary school | Independent

St Michael's Grammar School

3.6 km

Combined school | Independent

* Approximate straight-line distances

Frequently asked questions

How many bedrooms, bathrooms, parking spaces, or other key details are listed?

2/87 Merton Street is described with 1 bedroom, 1 bathroom, land size of 486 m²

Which suburb is 2/87 Merton Street located in?

The address is situated in the inner‑city suburb of Albert Park, Victoria

Which local government area governs the property?

The property falls under the jurisdiction of Port Phillip Council

What public transport options are available nearby?

Several tram stops are within walking distance, including Carter St/Mills St, Canterbury Rd/Mills St, Richardson St/Mills St, and Richardson St/Victoria Ave

What notable landmark is located close to the address?

Hoyts Park Theatre, a former cinema, is situated approximately 0.4 km from the property

Where is the nearest post office?

Albert Park Post Office is about 0.4 km from 2/87 Merton Street

What kind of property is this?

2/87 Merton Street is listed as Mixed Use in Albert Park, VIC

What asking price or listing price is shown?

2/87 Merton Street includes price Off‑market

Related profiles

Jump to the related profiles for this address.

Root property

87 Merton Street

View the main multi-unit property profile covering 5 tracked units.

View root property

Suburb profile

Albert Park

Browse the suburb profile, property mix, and related area data.

View suburb profile

Street profile

Merton Street

See the street-level property page and compare nearby listings.

View street profile