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76 Nicholson Street
Footscray VIC 3011

Bedrooms: 8
Bathrooms: 2
Car spaces: -
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White Knight Estate Agents presents 76 Nicholson Street, Footscray, Melbourne

For Lease : First Floor
$4000/month, seven offices, suitable for conversion into function rooms.
Located at 76 Nicholson Street, Footscray, Melbourne, this freehold property with an operating restaurant offers a prime location with three-street exposure, high foot traffic, and proximity to train and bus stations.
Property Features:
Ground floor: Starting annual base rent $167,000, currently a restaurant with ample seating, functional kitchen, storage, and amenities.
First floor:
Annual Rental estimation $48,000, divided into seven offices, suitable for conversion into function rooms.
Benefits:
High pedestrian flow from nearby businesses and transport hub.
Easy access for customers with nearby train and bus stations.
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Property Details for 76 Nicholson St, Footscray

76 Nicholson St, Footscray is a 8 bedroom, 2 bathroom House. The place is currently for sale with White Knight Estate Agents St Albans.

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House

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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 14,082 properties. Over the last 5 years, Houses in Footscray have seen a 16.97% increase in median value, while Units have seen a 17.44% increase. As at 31 July 2024:

  • The median value for Houses in Footscray is $966,727 while the median value for Units is $476,603.
  • Houses have a median rent of $570 while Units have a median rent of $490.
There are currently 111 properties listed for sale, and 44 properties listed for rent in Footscray on OnTheHouse. According to CoreLogic's data, 589 properties were sold in the past 12 months in Footscray.

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Minh Tran
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Eric Truong
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White Knight Estate Agents St Albans
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