493 High Street, Northcote, VIC 3070 sold on 18 September 2025 | OnTheHouse
 
SOLD
Sold on 18 Sep 2025 - Price Unavailable

493 High Street
Northcote VIC 3070

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 100m2
Land area: 185m2
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Property Details for 493 High St, Northcote

Building Type
Commercial
Floor Size
100m2
Land Size
185m2

Last Listing description (September 2025)

- Ray White Commercial Preston are excited to present for sale this superb boutique freehold investment in a popular Northcote location only 8km's * from the Melbourne CBD
- Strategically located in the heart of vibrant High Street - recently voted the 'coolest street in the world'
- Surrounded by popular eateries, retailers, offices and various multi storey residential apartment buildings

- Leased to longstanding and well-regarded Italian Restaurant Va Penne who recently renewed their lease until 19.1.2030 with 2 remaining options of 5 years
- Returning $45,060 plus outgoings with fixed 3 per annual increases and market reviews in year one of each option
- Flexible Commercial 1 Zoning with frontage to High Street and rear lane access
- Outstanding transport options nearby with Croxton Train Station within 350 metres * and the tram at your door step
- Walking distance to Northcote Plaza and Welcome to Thornbury
* Approximately

From 1 July 2024, the State Revenue Office offers eligible buyers of commercial and industrial properties the option to pay stamp duty upfront at settlement or spread payments over 10 years.

For further information or to arrange an inspection contact:

John Kalpakis 0412 500 250
john.kalpakis@raywhite.com

Mitchell Kalpakis 0428 761 735
mitch.kalpakis@raywhite.com

DISCLAIMER:
Whilst Ray White Preston has taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accepts no responsibility and disclaims all liability in respect of any errors, inaccuracies, or misstatements contained herein.
Ray White Preston urges prospective purchasers to make their own inquiries to verify the information contained herein.

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Property History for 493 High St, Northcote, VIC 3070

A timeline of how this property has performed in the market
Last Sold
18 Sep 2025
  • 18 Sep 2025
    Sold for $900,000
  • 06 Aug 2025
    Listed for Sale $950,000
  • 24 Sep 2003
    Sold for $306,000
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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 14,378 properties. Over the last 5 years, Houses in Northcote have seen a 17.80% increase in median value, while Units have seen a 3.72% increase. As at 30 November 2025:

  • The median value for Houses in Northcote is $1,797,855 while the median value for Units is $649,780.
  • Houses have a median rent of $750 while Units have a median rent of $550.
There are currently 34 properties listed for sale, and 22 properties listed for rent in Northcote on OnTheHouse. According to Cotality's data, 657 properties were sold in the past 12 months in Northcote.

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John Kalpakis
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Mitch Kalpakis
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Ray White Preston
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