FOR SALE
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1-5/115 Nicholson Street
Footscray VIC 3011

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 424m2
Land area: 220m2
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Invest In The Heart Of Footscray | Corner Building With Huge Flexibility

We are pleased to offer this strategic Commercial investment, Incredible location positioned within Melbourne's booming inner west For Sale.
If you have been waiting for the suitable project to invest your money in, then this is it. This commercial building is situated on the famous corner of Nicholson and Paisley Street and offers huge potential for one lucky investor.
Key attributes include:
• Impressive land of 220sqm (approx.) building comprising 5 shops on ground floor of (280sqm approx.) and offices of
144sqm, approx. on level one
• Great corner location with exposure to Paisley St/Nicholson St Mall and Public transport at your doorstep
• Activity Centre Zone - Schedule 1
• Shared bathroom facilities on level 1
• Returning $209,867.88 per annum, approx. (Shops 1-5: $185,117.88 and offices Level 1: $24,750)
• Dynamic City fringe location only 7km* West of Melbourne's CBD close to amenities and major transport linkages
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Property Details for 1-5/115 Nicholson St, Footscray

Building Type
Commercial
Floor Size
424m2
Land Size
220m2

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About Footscray 3011

The size of Footscray is approximately 5 square kilometres. It has 25 parks covering nearly 15.1% of total area. The population of Footscray in 2011 was 13,202 people. By 2016 the population was 16,336 showing a population growth of 23.7% in the area during that time. The predominant age group in Footscray is 20-29 years. Households in Footscray are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Footscray work in a professional occupation. In 2011, 42% of the homes in Footscray were owner-occupied compared with 36.6% in 2016.

Footscray has 14,262 properties. Over the last 5 years, Houses in Footscray have seen a 10.12% increase in median value, while Units have seen a 17.82% increase. As at 30 September 2024:

  • The median value for Houses in Footscray is $938,666 while the median value for Units is $495,454.
  • Houses have a median rent of $580 while Units have a median rent of $500.
There are currently 98 properties listed for sale, and 42 properties listed for rent in Footscray on OnTheHouse. According to CoreLogic's data, 568 properties were sold in the past 12 months in Footscray.

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Bojan Lojanica
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Raine & Horne - St Albans
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