Auction: 05/03/2020 12:00 PM

449 High Street
NORTHCOTE, VIC 3070

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Property Description

Dominant Northcote Café Investment

  • Positioned within one of Melbourne’s most sought after retail and lifestyle precincts
  • Immaculately presented building of 230sqm*
  • Commanding corner street frontage of 26.7 metres*
  • 7 x 7 x 7 year lease to highly regarded café operator trading as Bicycle Thieves
  • Returning $100,785 per annum plus outgoings and GST
  • Fixed annual rental increases
  • Dual access via both High Street and Beavers Road
  • Located within the heart of the most densely populated section of High Street, surrounded by multiple residential towers providing an endless stream of foot traffic
  • Situated amongst a range of quality retailers and eateries and close to Coles, Kmart and Aldi
  • Outstanding public transport options nearby with both the Northcote and Croxton Train Stations only 400 metres* away and tram stop opposite
  • 3 year old building with strong tax depreciation benefits
  • Rare opportunity to invest in a thriving location with a proven track record for strong capital growth

FOR SALE BY PUBLIC AUCTION - THURSDAY 5th MARCH AT 12 PM ON SITE

*approx.

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Consultant

Chris Kombi

M: 0438 156 236
E: kombic@fitzroys.com.au

Ervin Niyaz

M: 0404 808 327
E: niyaze@fitzroys.com.au

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Property Information

Property ID
124513

Price
Contact Agent

Building
230.00m2

DocumentType
Brochure Pdf