490-492 High Street Northcote, VIC 3070

• Substantial freehold land with a solid freestanding building over two levels in the centre of Northcote's bustling High Street cafe, restaurant and retail precinct
• Boasting a 13.2 metre High Street frontage *
• Ground floor building area of 185 sqm *
• First floor building area of 190 sqm *
• Two tenancies both with separate front and rear access
• Commercial 1 Zoned land area of 479 sqm approx *
• Rear right of way vehicle access to the off street parking
• Future development (STCA) is supported by a substantial underlying land holding, favourable zoning and surrounding height precedent with 5 to 8 level buildings located close by
• Surplus rear land, currently utilised as car parking for 6 vehicles, provides value-add scope for extension (STCA)
• On-title car parking is a rare & valuable attribute for High Street, Northcote and provides flexibility with respect to 'potential' uses
• Strategically located within close from Northcote Shopping Plaza - The established centre is set for a $500 million redevelopment that includes 605 apartments and a standalone office tower
• Northcote - voted Melbourne's 'Most Liveable Suburb' two years in a row boasting a median house price of $1,650,000
• High Street is home to an exciting mix of service and retail tenancies creating a 7-day per week trading environment
• Approximate

From 1 July 2024, eligible buyers of commercial and industrial properties can choose to pay stamp duty in full at settlement or spread the payments over 10 years.

For further information or to arrange an inspection contact:
John Kalpakis 0412 500 250
john.kalpakis@raywhite.com
or
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.