GROUND FLOOR/16 Separation StreetNorthcote VIC 3070
Property Details for Ground Floor/16 Separation St, Northcote
Last Listing description (September 2024)
Bombay Real Estate presents 16 Separation street, Northcote.
An exciting opportunity presents itself to enter into the commercial market in an ever-popular Northcote location only a few km from Melbourne CBD. This property represents a rare opportunity to invest and/or occupy and easily value add in future on a solid foundation.
This is an excellent opportunity to purchase a ground-floor retail asset with a fantastic lifestyle amenity underpinning the location.
Property highlights comprise:
* Occupy / Invest
* kitchen and toilet facility
* Building area: 78 sqm approx
Nestled amongst the vibrant retailers, cafes and restaurants on the Separation and High Street. The area is also home to several key national brands such as Coles, Aldi, Kmart and Chemist Warehouse.
Due diligence checklist - for home and residential property buyers -
http://www.consumer.vic.gov.au/duediligencechecklist
All information about this property has been provided to Bombay Real Estate by third parties. Bombay Real Estate has not verified the information and does not warrant its
accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property.
Property History for Ground Floor/16 Separation St, Northcote, VIC 3070
- 26 Aug 2024Sold for $418,000
- 24 Jul 2024Listed for Sale $380,000
- 14 Mar 2023Listed for Rent - Price not available
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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 14,376 properties. Over the last 5 years, Houses in Northcote have seen a 18.23% increase in median value, while Units have seen a 10.77% increase. As at 31 December 2025:
- The median value for Houses in Northcote is $1,803,786 while the median value for Units is $693,959.
- Houses have a median rent of $750 while Units have a median rent of $555.
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