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494 High Street Northcote, VIC 3070

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494 High Street,
Northcote, VIC 3070

Development Sites & Land • Shops & Retail

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PERMIT APPROVED FREEHOLD ON PRIME RETAIL STRIP

  • Permit approved site for 5 luxury apt's
  • Suit developers, occupiers and investors
  • ROW access with public carpark at rear
Perfectly positioned on one of Melbourne’s premier retail strips, this is a rare opportunity to acquire a freehold asset with approved plans for 5 luxury apartments. Offering versatility to invest, occupy or develop immediately.

Northcote has recently seen huge growth, with the median house price now $1,645,500 and growing, the suburb benefits from excellent public transport and access to major arterial roads. The High Street Northcote retail precinct is seeing low levels of vacancy, due to the increase in residential and commercial development.

Plans and permits available upon request.

> Land size 233m2 *
> Floor area 114m2 *
> Commercial 1 Zoning
> Approved plans for 5 luxury apartments plus retail
> Rear access via ROW
> Prime city Fringe location

For all enquiries or to arrange a private inspection, please contact exclusive agents Nelson Alexander Commercial on 9419 5511.

*all measurements are approximate

Northcote, 3070 demographic data

The median household income for Northcote is $2,287, 20% higher than Greater Melbourne's household income of $1,901. Northcote has a similar age profile compared to the rest of Greater Melbourne (median age 37). Property ownership data shows 49% of property owners in Northcote have a mortgage.

25,276
Population
$2,287 per week
Median household income
37 years
Median age
Owners
Most residents
Families
Most households
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494 High Street
Northcote, VIC 3070

Detailed listing

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