** SOLD **
Gross Waddell ICR is pleased to offer this premier High Street retail investment with a brand new 5 year lease as part of the ‘Signature Auction Portfolio’.
• Prime single-storey retail freehold investment and located in a premier position near Northcote Town Hall
• Net income of $30,349.80* per annum with fixed 3% annual increases
• New 5 year lease with a further 5 year option
• High profile position on High Street and surrounded by an array of bustling retail and commercial amenity
• Benefitting from rear lane access and resides on 171 sqm* of Commercial 1 Zone (C1Z) land
• Merely 4.50 km* from Melbourne’s CBD, Northcote is a thriving village like neighbourhood which houses some of Melbourne’s most trendy food and beverage operators and fashion boutiques
• Ideal connectivity with tram stops located near the front door and easy stroll to both Northcote and Merri train stations
• Northcote offers a soaring median house price of $1,750,000 (source REIV)
The property is to be sold via Public Auction as part of the ‘Signature Auction Portfolio’ and held at Leonda by the Yarra from 11 am on Thursday the 25th of November 2021. For further information or to organise an inspection, please contact Gross Waddell ICR directly.