Expression of Interest Close Wednesday 23rd August at 6pm
Introducing an exceptional commercial property for sale in Northcote, Victoria. Located at 203 Victoria Road, this space offers a prime location and a range of features that make it an ideal investment opportunity. One of the standout features of this property is its store front, which provides excellent visibility and exposure to passing foot and vehicle traffic. This makes it perfect for businesses looking to attract customers or clients. The corner allotment also adds to its appeal, as it allows for easy access from multiple directions. With a generous size of 182m2, there is ample space available to accommodate various business needs. Whether you are looking to set up a retail store, professional office space, or even a creative studio, this property can cater to your requirements. The location itself is another major highlight. Situated opposite the newly rebuilt Northcote Aquatic Centre, the property benefits from being in close proximity to a popular recreational facility. This not only attracts potential customers but also enhances the overall appeal of the area. Furthermore, with potential development opportunities in mind, this property holds great value for investors who are looking towards future growth and expansion possibilities. As Northcote continues to develop and evolve as one of Melbourne's sought-after suburbs, owning commercial real estate here can be highly advantageous. It ticks all the boxes for businesses looking for their next venture or investors seeking long-term growth potential.
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 14,264 properties. Over the last 5 years, Houses in Northcote have seen a 28.31% increase in median value, while Units have seen a 12.00% increase. As at 31 July 2024:
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