111 Victoria Road, Northcote, VIC 3070 | Property Value & History | OnTheHouse
 
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111 Victoria Road
Northcote VIC 3070

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 64m2
Land area: 276m2
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Property Details for 111 Victoria Rd, Northcote

Building Type
Commercial
Year Built
2014
Floor Size
64m2
Land Size
276m2
Local Government
Darebin
Lot/Plan
1/TP234237

Last Listing description (February 2023)

The choice is up to you: occupy, invest, develop or continue running a successful bottle shop and grocery mart one way or another you cannot go wrong with this prime corner location on busy Victoria Road, Northcote.

This 278 square metre building with rear laneway occupies the whole corner land site and features a bottle shop, grocery mart and two bedroom, one bathroom living quarters with separate rear entrance.


The huge commercial space offers further potential for a caf and/or bar in the current space or develop above as neighbouring shops have done (SCTA).

The bottle shop has been run successfully by the same owner for the last 15 years and is now being offered for sale at the same time, allowing you to take over and expand the business while considering your other development options.

Features include:

Prime location with large traffic volumes and ample surrounding parking

Commercial 1 zoning

Huge 278 square metre building occupying the whole site with rear laneway access for deliveries

Two bedroom, one bathroom apartment attached, providing either additional rental income or owner accommodation

Security system and grills on all windows

Current business (taking $12,000 - $14,000 per week) with packaged liquor licence available for separate sale

Purchase the freehold and business together as a going concern for potential GST savings

Price for freehold property: $1,700,000 (ex GST)

Price for business $220,000 + SAV (negotiable)

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Property History for 111 Victoria Rd, Northcote, VIC 3070

A timeline of how this property has performed in the market
Last Sold
$500,000
18 Dec 2007
Listed for Rent
$85k/w
06 Dec 2021
  • 06 Dec 2021
    Listed for Sale $1,700,000
  • 06 Dec 2021
    Listed for Rent $85,000 / year
  • 18 Oct 2012
    Listed for Sale 584000
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About Northcote 3070

The size of Northcote is approximately 6.0 square kilometres. It has 23 parks covering nearly 11.3% of total area. The population of Northcote in 2016 was 24561 people. By 2021 the population was 25276 showing a population growth of 2.9% 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 over $4000 per month on mortgage repayments. In general, people in Northcote work in a professional occupation.In 2021, 60.30% of the homes in Northcote were owner-occupied compared with 58.60% in 2016.

Northcote has 14,376 properties. Over the last 5 years, Houses in Northcote have seen a 18.23% increase in median value, while Units have seen a 10.77% increase. As at 31 December 2025:

  • The median value for Houses in Northcote is $1,803,786 while the median value for Units is $693,959.
  • Houses have a median rent of $750 while Units have a median rent of $555.
There are currently 36 properties listed for sale, and 7 properties listed for rent in Northcote on OnTheHouse. According to Cotality's data, 679 properties were sold in the past 12 months in Northcote.

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