** SOLD **
Gross Waddell ICR is pleased to offer this premier High Street retail investment with a brand new 5 year lease as part of the 'Signature Auction Portfolio'.
https://gwicrsignatureauctionseries.com.au/
Prime single-storey retail freehold investment and located in a premier position near Northcote Town Hall
Net income of $30,349.80* per annum with fixed 3% annual increases
New 5 year lease with a further 5 year option
High profile position on High Street and surrounded by an array of bustling retail and commercial amenity
Benefitting from rear lane access and resides on 171 sqm* of Commercial 1 Zone (C1Z) land
Merely 4.50 km* from Melbourne's CBD, Northcote is a thriving village like neighbourhood which houses some of Melbourne's most trendy food and beverage operators and fashion boutiques
Ideal connectivity with tram stops located near the front door and easy stroll to both Northcote and Merri train stations
Northcote offers a soaring median house price of $1,750,000 (source REIV)
The property is to be sold via Public Auction as part of the 'Signature Auction Portfolio' and held at Leonda by the Yarra from 11 am on Thursday the 25th of November 2021. For further information or to organise an inspection, please contact Gross Waddell ICR directly.
*Approx.
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 14,382 properties. Over the last 5 years, Houses in Northcote have seen a 8.62% increase in median value, while Units have seen a 7.22% increase. As at 31 March 2026:
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