Stonebridge Property Group is pleased to present for sale 396-398 High Street, Northcote.
The key highlights of the opportunity include:
- Unmissable 512 sqm* freehold in the centre of Northcote's bustling High Street retail precinct
- Offered as a blank canvas with immediate potential to occupy, value add, or develop (STCA)
- The existing and significant, open plan building spans 405 sqm* over two levels and boasts highly accessible rear access - The versatility of the property suits a multitude of future uses including retail, hospitality, office & medical
- Future development (STCA) is supported by a substantial underlying land holding, favourable zoning and surrounding height precedent (5-8 level buildings are located within 100 m*)
- Surplus rear land, currently utilised as car parking for 8 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 250 m* 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 and boasts a median house price of $1,650,000
- High Street is home to an eclectic mix of service and retail tenancies creating a 7-day per week trading environment
396-398 High Street, Northcote is offered for sale via Public On-Site Auction Thursday 10th August 2023 at 12:30pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Nic Hage
0448 782 594
Max Warren
0488 296 892
Sarah Xi
0468 320 297
sarahxi565
Rorey James
0439 400 081
*Approximately
Property Code: 652
