FOR SALE
$390,000 - $420,000

5/62 Nicholson Street
Footscray VIC 3011

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 50m2
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MULTI-USE SHOP - PERFECT FOR RETAIL AND OFFICE USE - LOCATED IN THE HEART OF FOOTSCRAY

BYD Real Estate Springvale is pleased to offer for sale, via Expressions of Interest, this versatile ground-floor shop in the Westville Central Shopping Centre, situated in the vibrant heart of Footscray.
This prime property, located directly opposite the iconic Little Saigon Shopping Centre, presents an excellent opportunity for a variety of business types, including retail, consulting, and beauty services…
Offered with vacant possession, allowing for immediate business commencement. Rental is approximately $33,000 per year plus GST.
Key Features:
• Corner site offering 50 sqm of prime floor space
• Highly accessible, just steps away from Footscray Station and serviced by multiple bus routes
• Public free parking available directly in front of the property
• Ground-floor location with approx. 10 m of frontage, providing excellent exposure
• Open floor plan with tiled flooring, painted walls, and suspended ceilings
• Central heating and cooling system
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Property Details for 5/62 Nicholson St, Footscray

5/62 Nicholson St, Footscray is a 1 bedroom, 1 bathroom Unit. The property has a floor size of 50m2. The place is currently for sale with BYD Real Estate .

Building Type
Unit
Floor Size
50m2

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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 14,248 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 94 properties listed for sale, and 49 properties listed for rent in Footscray on OnTheHouse. According to CoreLogic's data, 578 properties were sold in the past 12 months in Footscray.

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Minh Le
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Kenny Pham
BYD Real Estate
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