559 High Street Northcote VIC 3070

- Located In the centre of one of Melbourne's most desirable retail strips, this imposing property with a first-class fit-out has a myriad of possibilities, including the opportunity to occupy at the end of the lease, leave as a passive investment or develop further (STCA).
- Current lease term until 14 April 2023
- Rental of $59,089 per annum net
- The tenant pays all outgoings
- Zoned Commercial 1
- Land size: 218sqm approx
- Street frontage of 5.7 metres
- Building area: 200sqm approx
- Easy right-of-way vehicle access
- Rare boundary to boundary building
- Potential ground plus 5-level mixed-use commercial and residential redevelopment subject to council approval
- Owner-occupiers can occupy the property at the end of the tenancy in April 2023
- For investors, the current tenants would be happy to negotiate a new rental and lease terms when the current lease expires