81 High StreetNorthcote VIC 3070
Property Details for 81 High St, Northcote
Last Listing description (July 2023)
Nelson Alexander Commercial are delighted to offer For Private Sale this blue-chip investment opportunity in highly sought after Westgarth Village. Situated in the heart of the shopping strip directly opposite the tram stop and two doors down from the traffic lights the location could not be better. The property consists of a ground floor restaurant, kitchen, storage plus a further two rooms upstairs (office and storage). The restaurant fitout is simply stunning with a beautiful open plan front room facing onto High Street and a gorgeous courtyard out the back. The property comes with an outstanding tenant and excellent rent return. This is a blue-chip property in a blue-chip location that we highly recommend.
Property Features:
Stunning Fully Fitted Restaurant
Excellent Tenant & Rent Return
Zoned Commercial 1 (C1)
Land Area 174m2 (approx.)
Building Area 220m2 (approx.)
Rental Income $65,820 pa plus gst plus outgoings (as at 11/09/23)
Lease Term 3 Years (+3+3)
Located in the hugely popular and tightly held Westgarth Village
Prime location in the heart of the village and opposite the tram stop and the pedestrian crossing
This is a fantastic investment opportunity that we highly recommend!
For all property enquiries or to arrange an inspection please contact exclusive selling agents Nelson Alexander Commercial on 9419 5511.
Property History for 81 High St, Northcote, VIC 3070
- 27 Jul 2023Sold for $1,525,000
- 02 Jun 2023Listed for Sale Contact Agent
- 01 May 2010Sold for $1,030,000
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 14,382 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:
- 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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