454-456 Nicholson St 2,045 SF Condo Units Offered at $49,140 CAD Per Unit in Fitzroy North, VIC 3068

454-456 Nicholson Street represents a rare two-level freehold opportunity in the heart of Melbourne’s vibrant inner-north corridor. Positioned prominently along Nicholson Street and surrounded by an active mix of retail, residential, and hospitality, the property is designed for versatility and long-term investment appeal. The building comprises approximately 380 m² across two separate floors on a landholding of 359 m², with separate front and rear access points and individual utility metering for each level. Ground floor is currently leased to an established licensed hospitality operator, providing secure income, while the first floor is offered with vacant possession, creating flexibility for owner-occupation, additional leasing opportunities, or future mixed-use conversion (STCA). Constructed from solid brick with concrete slab floors, the property features rear roller door access, a courtyard, grease trap, ventilation systems, and 3-phase power, supporting food and beverage operations as well as other commercial uses. On-street tram access and proximity to Melbourne’s CBD enhance connectivity, making this asset suitable for investors, owner-occupiers, or developers seeking a high-exposure position in one of Fitzroy North’s most sought-after locations.