Generational Opportunity At The Gateway To High Street, Northcote

Posted on 30th October 2026

Three prime freeholds at the gateway to what was recently declared “The Coolest Street in the World” are on the market, presenting endless opportunities for the occupier, investor, land banker or developer.

Fitzroys’ Chris Kombi and Chris James are marketing The Northcote Collection - 186 High Street, 188 High Street and 1 Butler Street, Northcote - via an Expressions of Interest campaign closing Wednesday, 11 November at 2.30pm.

Expectations are of $3.4 million-plus for the combined offering.

The offering comprises the 2 High Street retail shops and a residence, on a combined site area of 847sqm with substantial frontages, and in a premium location within the sought after Northcote Major Activity Centre.

Desirable Commercial 1 zoning encourages mixed use development. Each of the properties are being offered with vacant possession.

“High Street, Northcote has become arguably Melbourne’s premier inner north lifestyle and hospitality precinct,” Kombi said.

“Owner-occupiers have the chance to create a new home at the gateway to the thriving strip, capturing the constant pedestrian and vehicle traffic coming in and out of High Street,” he said.

“This also presents the opportunity for developers to deliver a flagship project in a location that is in huge demand from Melburnians looking to live, work and play in highly accessible places with fantastic lifestyle and hospitality offerings.

“The success of surrounding developments that have sprung up on and around the strip is testament to that demand.”

James said investors would note the long line of businesses and operators competing to get into the thriving inner north strip.

The “Coolest Street in the World”, as declared in recent times by influential global publication Time Out, High Street, Northcote boasts an array of popular eateries and live music venues, with local institutions including the Northcote Social Club, Wesley Anne and Northcote Theatre.

High Street, Northcote continually records single-digit vacancies in Fitzroys’ Walk the Strip report series.

“Crucially, the location offers immediate access to the famous Route 86 tram and is close to Westgarth Train Station, making it easily accessible to the surrounding suburbs and Melbourne’s CBD,” James added.

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