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559 High Street
Northcote VIC 3070
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Sold on 15 Sep 2022

559 High Street Northcote VIC 3070

  • Shop & Retail
  • 200 m²
  • Sold

HIGH CLASS INVESTMENT WITH EXCELLENT FUTURE REDEVELOPMENT POTENTIAL

- Located In the centre of one of Melbourne's most desirable retail strips, this imposing property with a first-class fit-out has a myriad of possibilities, including the opportunity to occupy at the end of the lease, leave as a passive investment or develop further (STCA).
- Current lease term until 14 April 2023
- Rental of $59,089 per annum net
- The tenant pays all outgoings
- Zoned Commercial 1
- Land size: 218sqm approx
- Street frontage of 5.7 metres
- Building area: 200sqm approx
- Easy right-of-way vehicle access
- Rare boundary to boundary building
- Potential ground plus 5-level mixed-use commercial and residential redevelopment subject to council approval
- Owner-occupiers can occupy the property at the end of the tenancy in April 2023
- For investors, the current tenants would be happy to negotiate a new rental and lease terms when the current lease expires

Ray White Preston
Ray White Preston
363 High Street
Preston, VIC 3072

Property Highlights

Date Sold15 Sep 2022
Floor Area200 m²
Land Area218 m²
Energy0-star NABERS Energy rating
Parking2 x Onsite parkings
Property ID2017910084
Category
Last updated  28 Oct 2022
Map for 559 High Street Northcote VIC 3070

Nearest transport* to 559 High Street Northcote VIC 3070

Bus
Train
Tram
Ferry
Northcote Shopping Plaza/Hunter St (Northcote)384 m
High St/Clarendon St (Thornbury)476 m
High St/Clarendon St (Thornbury)486 m
St David St/Dennis St (Northcote)527 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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The "rollout status" and "service type" can connect to services over the nbn network but may require additional work to be completed first. On rare occasions, some premises cannot be connected.
Ray White Preston
Ray White Preston
363 High Street
Preston, VIC 3072

Property Highlights

Date Sold15 Sep 2022
Floor Area200 m²
Land Area218 m²
Energy0-star NABERS Energy rating
Parking2 x Onsite parkings
Property ID2017910084
Category
Last updated  28 Oct 2022

Co-Agents

John Kalpakis
John Kalpakis
Ray White Preston
Call
0412 500 250
Mitch Kalpakis
Mitch Kalpakis
Ray White Preston
Call
0428 761 735

More about 559 High Street Northcote VIC 3070

559 High Street Northcote VIC 3070 is categorized as Shop & Retail Property. It has a floor area of 200 m² and a land area of 218 m². There are 2 x onsite parkings.The listing ID for this property is 2017910084.

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