1/115 Nicholson StreetFootscray VIC 3011
Property Details for 1/115 Nicholson St, Footscray
Last Listing description (May 2025)
We are pleased to offer this strategic Commercial investment, Incredible location positioned within Melbourne's booming inner west For Sale.
If you have been waiting for the suitable project to invest your money in, then this is it. This commercial building is situated on the famous corner of Nicholson and Paisley Street and offers huge potential for one lucky investor.
Key attributes include:
• Impressive land of 220sqm (approx.) building comprising 5 shops on ground floor of (280sqm approx.) and offices of
144sqm, approx. on level one
• Great corner location with exposure to Paisley St/Nicholson St Mall and Public transport at your doorstep
• Activity Centre Zone - Schedule 1
• Shared bathroom facilities on level 1
• Returning $209,867.88 per annum, approx. (Shops 1-5: $185,117.88 and offices Level 1: $24,750)
• Dynamic City fringe location only 7km* West of Melbourne's CBD close to amenities and major transport linkages
• Significant government spending throughout the suburb with $1.5b relocation of the new Footscray Hospital in 2025*
• Immediate proximity to $6.7b* Westgate Tunnel project nearing completion
• Located at the gateway of the City's major growth corridor, supported by strong foreign investment appetite and high
residential demand
Project like this don't come on the market every day so please contact Monica Luu 0421034166 | Bojan Lojanica 0409 186 609| Danny Trkulja 0422 576 473 or office 9367 9888 to book a private inspection or for further details.
Property History for 1/115 Nicholson St, Footscray, VIC 3011
- 05 Mar 2025Sold for $2,950,000
- 19 Oct 2022Listed for Sale Attractive Return | Contact Agent
- 16 Apr 2020Listed for Rent $15,000 / month
Recent sales nearby
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0About Footscray 3011
The size of Footscray is approximately 5.0 square kilometres. There are 25 parks, covering nearly 15.1% of the total area. The population of Footscray in 2016 was 16345 people. By 2021 the population was 17131 showing a population growth of 4.8% in the area during that time. The predominant age group in Footscray is 30-39 years. Households in Footscray are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Footscray work in a professional occupation.In 2021, 41.30% of the homes in Footscray were owner-occupied compared with 36.60% in 2016.
Footscray has 14,945 properties. Over the last 5 years, Houses in Footscray have seen a -5.07% decrease in median value, while Units have seen a -1.42% decrease. As at 30 June 2026:
- The median value for Houses in Footscray is $968,060 while the median value for Units is $490,964.
- Houses have a median rent of $620 while Units have a median rent of $540.
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