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Sold on 12 Sep 2024 - Price Unavailable

GROUND FLOOR/16 Separation Street
Northcote VIC 3070

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 74m2
Land area: 78m2
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Property Details for Ground Floor/16 Separation St, Northcote

Building Type
Commercial
Year Built
2018
Floor Size
74m2
Land Size
78m2
Local Government
Darebin
Lot/Plan
G01/PS805888

Last Listing description (September 2024)

Bombay Real Estate presents 16 Separation street, Northcote.

An exciting opportunity presents itself to enter into the commercial market in an ever-popular Northcote location only a few km from Melbourne CBD. This property represents a rare opportunity to invest and/or occupy and easily value add in future on a solid foundation.

This is an excellent opportunity to purchase a ground-floor retail asset with a fantastic lifestyle amenity underpinning the location.

Property highlights comprise:
* Occupy / Invest
* kitchen and toilet facility
* Building area: 78 sqm approx

Nestled amongst the vibrant retailers, cafes and restaurants on the Separation and High Street. The area is also home to several key national brands such as Coles, Aldi, Kmart and Chemist Warehouse.

Due diligence checklist - for home and residential property buyers -
http://www.consumer.vic.gov.au/duediligencechecklist

All information about this property has been provided to Bombay Real Estate by third parties. Bombay Real Estate has not verified the information and does not warrant its
accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property.

Property History for Ground Floor/16 Separation St, Northcote, VIC 3070

A timeline of how this property has performed in the market
Last Sold
12 Sep 2024
Listed for Rent
$345/w
23 Mar 2023
  • 12 Sep 2024
    Sold
  • 24 Jul 2024
    Listed for Sale $380,000
  • 14 Mar 2023
    Listed for Rent - Price not available
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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 14,203 properties. Over the last 5 years, Houses in Northcote have seen a 28.22% increase in median value, while Units have seen a 3.25% increase. As at 30 September 2024:

  • The median value for Houses in Northcote is $1,796,158 while the median value for Units is $623,376.
  • Houses have a median rent of $770 while Units have a median rent of $550.
There are currently 47 properties listed for sale, and 17 properties listed for rent in Northcote on OnTheHouse. According to CoreLogic's data, 538 properties were sold in the past 12 months in Northcote.

Suburb Insights for Northcote 3070

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Contact agent
Mandeep Sekhon
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Moey Khalil
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Bombay Real Estate
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.