505 High Street

Northcote VIC 3070

Nelson Alexander Commercial is delighted to offer for Private Sale this exceptional Northcote freehold, ideally positioned in the heart of vibrant High Street. The property comprises a ground-floor, High Streetfacing retail premises securely leased to a proven long-term tenant, together with a charming, fully self-contained two-bedroom residence at the rear. The residence features separate access and valuable off-street parking.Occupying a prominent High Street position, the asset benefits from outstanding exposure within one of Melbournes premier retail precincts. The retail component is underpinned by a strong long-term lease (5+5), while the residence is offered with vacant possessionproviding flexibility for owner-occupiers or the potential to generate additional rental income. This blue-chip investment offers a compelling return and represents a rare opportunity to secure a versatile asset in a highly sought-after location.Key Property Features: Zoned Commercial 1 (C1Z) Land Area: 180m (approx.) Prime Northcote freehold in the heart of vibrant High Street Prominent High Street frontage with excellent exposure Ground-floor retail premises securely leased to a proven long-term tenant Strong lease profile (5+5) providing reliable income stream Fully self-contained two-bedroom residence at the rear Residence offered with vacant possession Separate access to residence for added flexibility Rear off-street parking included Dual-income potential (commercial + residential) Ideal for investors and/or owner-occupiers Prime location surrounded by cafes, public transport and local amenities Located within one of Melbournes most sought-after retail precinctsFor all property enquiries or to arrange an inspection please contact exclusive selling agents Nelson Alexander Commercial on 9419 5511.