491 High StreetNorthcote VIC 3070
Property Details for 491 High St, Northcote
Last Listing description (November 2022)
An exciting opportunity presents itself to enter into the commercial market in a popular Northcote location only 8km's (approx.) from the Melbourne CBD. Currently tenanted on a month to month basis, this property represents a rare opportunity to invest and/or occupy and easily value add in the future on a solid foundation. Surrounded by popular eateries, retailers, offices and various multi storey residential apartment buildings. With land size of approximately 190 square metres and comprising large shopfront, 2 offices, separate kitchen and storage plus rear yard with ROW access at rear.
Offering:
Occupy / Invest / Develop (STCA)
Walking distance to Northcote Plaza
Outstanding transport options nearby with Croxton Train Station within 350 metres (approx.) and tram at your door
For further information or to arrange an inspection, please contact Nelson Alexander Commercial on 9419 5511.
Property History for 491 High St, Northcote, VIC 3070
- 27 Oct 2022Sold for $900,000
- 07 Apr 2022Listed for Sale Contact Agent
- 15 Mar 2022Listed for Sale Contact Agent
Recent sales nearby
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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 14,381 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:
- The median value for Houses in Northcote is $1,763,816 while the median value for Units is $673,344.
- Houses have a median rent of $850 while Units have a median rent of $580.
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