FOR SALE
$2.1 million

490 High Street
Northcote VIC 3070

Bedrooms: -
Bathrooms: -
Car spaces: 6
Floor area: 375m2
Land area: 479m2
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INVEST NOW RE-DEVELOP LATER

- Substantial freehold land with a solid building over two levels in the centre of Northcote's bustling High Street cafe, restaurant and retail precinct
- Boasting a 13.2 metre High Street frontage *
- Ground floor building area of 185 sqm *
- First floor building area of 190 sqm *
- Two tenancies both with separate front and rear access
- Commercial 1 Zoned land area of 479 sqm approx *
- Rear right of way vehicle access to the off street parking
- Future development (STCA) is supported by a substantial underlying land holding, favourable zoning and surrounding height precedent with 5 to 8 level buildings located close by
- Surplus rear land, currently utilised as car parking for 6 vehicles, provides value-add scope for extension (STCA)
- On-title car parking is a rare & valuable attribute for High Street, Northcote and provides flexibility with respect to 'potential' uses
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Property Details for 490 High St, Northcote

Building Type
Commercial
Floor Size
375m2
Land Size
479m2

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About Northcote 3070

The size of Northcote is approximately 6 square kilometres. It has 23 parks covering nearly 11.3% of total area. The population of Northcote in 2011 was 22,919 people. By 2016 the population was 24,582 showing a population growth of 7.3% in the area during that time. The predominant age group in Northcote is 30-39 years. Households in Northcote are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Northcote work in a professional occupation. In 2011, 60.7% of the homes in Northcote were owner-occupied compared with 58.6% in 2016.

Northcote has 14,353 properties. Over the last 5 years, Houses in Northcote have seen a 18.92% increase in median value, while Units have seen a -5.94% decrease. As at 30 November 2024:

  • The median value for Houses in Northcote is $1,749,957 while the median value for Units is $629,222.
  • Houses have a median rent of $750 while Units have a median rent of $550.
There are currently 41 properties listed for sale, and 23 properties listed for rent in Northcote on OnTheHouse. According to CoreLogic's data, 562 properties were sold in the past 12 months in Northcote.

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John Kalpakis
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Mitch Kalpakis
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Ray White Preston
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