747 Nicholson StreetCarlton North VIC 3054
Property Details for 747 Nicholson St, Carlton North
Last Listing description (December 2022)
Expression of Interest
A prime retail opportunity within the tightly held Nicholson Street retail shopping strip. This highly exclusive two storey Victorian shopfront makes a welcome addition to any investment portfolio with a high net income and a reputable long term tenant. Well serviced by trams and the Capital City Trail, near cafs and a range of small businesses its prestigious Carlton North location makes it an investment opportunity not to be missed
Land size of 212m2 (approx.)
Current Charitable SRO Land Tax exemption
Securely leased to The Salvation Army (Vic) Property Trust until May 2024 with a further option of three (3) years returning net income of $54,328 ex. GST per annum with inbuilt rental growth
Long term tenant (In excess of 15 years)
Extensive showroom in a high profile site
Ground floor store room and office space
Upper level space for development upside
ROW access to a car space
3kms from Melbourne CBD
Prime retail location
Alexkarbon Real Estate
241 Union Road, Ascot Vale
122 Errol Street, North Melbourne
Property History for 747 Nicholson St, Carlton North, VIC 3054
- 11 Aug 2022Listed for Sale Contact Agent
- 28 Aug 2015Sold for $1,166,000
- 28 Jul 2015Listed for Sale Not Disclosed
Recent sales nearby
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0About Carlton North 3054
The size of Carlton North is approximately 1.9 square kilometres. There are 9 parks, covering nearly 26.0% of the total area. The population of Carlton North in 2016 was 6300 people. By 2021 the population was 6177 showing a population decline of 2.0% in the area during that time. The predominant age group in Carlton North is 20-29 years. Households in Carlton North are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Carlton North work in a professional occupation.In 2021, 47.40% of the homes in Carlton North were owner-occupied compared with 45.50% in 2016.
Carlton North has 3,635 properties. Over the last 5 years, Houses in Carlton North have seen a -6.68% decrease in median value, while Units have seen a 2.92% increase. As at 31 July 2026:
- The median value for Houses in Carlton North is $1,660,187 while the median value for Units is $753,615.
- Houses have a median rent of $850 while Units have a median rent of $600.
Suburb Insights for Carlton North 3054
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