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Faits saillants de l'investissement

  • Dual-level freehold on a 359 m² site in a premium inner-north location
  • High-exposure retail position with excellent public transport connectivity via Nicholson Street tram
  • Existing hospitality fit-out and infrastructure including grease trap, exhaust canopy, and 3-phase power
  • First floor presents value-add potential via lease-up or residential/office adaptation

Résumé de l'annonce

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.

2 Unités disponibles

  • Unité
  • Taille de l’unité
  • Utilisation du condo
  • Prix
  • Revenu net d’exploitation
  • Unité 454
  • 2 045 pi²
  • Commerce de détail
  • 49 140 $ CAD (24,03 $ CAD/pi²)
  • -
Type de vente Investissement
ID/Numéro de lot 2\TP161895
Description
This unit comprises the ground floor of a two-level commercial building, occupying approximately 190 m² with a street-facing retail configuration. The space is currently fitted for hospitality use and includes infrastructure such as a grease trap, exhaust canopies, 3-phase power, and direct access to a rear roller door and courtyard. The unit has self-contained amenities and operates under a separate electricity meter.
Notes sur la vente
The ground floor is leased to a hospitality operator under a five-year agreement commencing 10 January 2025, generating rental income of $40,170 per annum plus GST as at January 2026, with annual 3% rent increases and one further five-year option. Outgoings are wholly recovered from the tenant under the terms of the lease. This tenancy secures consistent income within a mixed-use area supported by strong pedestrian activity and excellent transport connectivity.
  • Unité 456
  • 2 045 pi²
  • Bureau/Commerce de détail
  • 49 140 $ CAD (24,03 $ CAD/pi²)
  • -
Type de vente Investissement ou propriétaire utilisateur
ID/Numéro de lot 1\TP161895
Description
The first-floor component spans approximately 190 m² and features a separate entrance from Nicholson Street and rear access. It includes a large open-plan central space complemented by four rooms, a full kitchen with commercial extraction canopy, two bathrooms plus a powder room, and climate control. The level has independent amenities, separate metering, and is suited for adaptive reuse as commercial space or potential live/work accommodation (STCA).
Notes sur la vente
The first floor is offered with vacant possession, presenting an opportunity for an owner-occupier or investor to customize for office, consulting, or residential purposes. Market guidance suggests potential rental in the range of $45,000 to $50,000 per annum, based on comparable uses within the precinct. Historical tenancy was a wellness operator, indicating demand for professional and service-based uses.
Unité Taille de l’unité Utilisation du condo Prix Revenu net d’exploitation
Unité 454 2 045 pi² Commerce de détail 49 140 $ CAD (24,03 $ CAD/pi²) -
Unité 456 2 045 pi² Bureau/Commerce de détail 49 140 $ CAD (24,03 $ CAD/pi²) -

Unité 454

Taille de l’unité
2 045 pi²
Utilisation du condo
Commerce de détail
Prix
49 140 $ CAD (24,03 $ CAD/pi²)
Revenu net d’exploitation
-

Unité 456

Taille de l’unité
2 045 pi²
Utilisation du condo
Bureau/Commerce de détail
Prix
49 140 $ CAD (24,03 $ CAD/pi²)
Revenu net d’exploitation
-

Unité 454

Taille de l’unité 2 045 pi²
Utilisation du condo Commerce de détail
Prix 49 140 $ CAD (24,03 $ CAD/pi²)
Revenu net d’exploitation -
Type de vente Investissement
ID/Numéro de lot 2\TP161895
Description
This unit comprises the ground floor of a two-level commercial building, occupying approximately 190 m&#178; with a street-facing retail configuration. The space is currently fitted for hospitality use and includes infrastructure such as a grease trap, exhaust canopies, 3-phase power, and direct access to a rear roller door and courtyard. The unit has self-contained amenities and operates under a separate electricity meter.</li></ul>
Notes sur la vente
The ground floor is leased to a hospitality operator under a five-year agreement commencing 10 January 2025, generating rental income of $40,170 per annum plus GST as at January 2026, with annual 3% rent increases and one further five-year option. Outgoings are wholly recovered from the tenant under the terms of the lease. This tenancy secures consistent income within a mixed-use area supported by strong pedestrian activity and excellent transport connectivity.</li></ul>

Unité 456

Taille de l’unité 2 045 pi²
Utilisation du condo Bureau/Commerce de détail
Prix 49 140 $ CAD (24,03 $ CAD/pi²)
Revenu net d’exploitation -
Type de vente Investissement ou propriétaire utilisateur
ID/Numéro de lot 1\TP161895
Description
The first-floor component spans approximately 190 m&#178; and features a separate entrance from Nicholson Street and rear access. It includes a large open-plan central space complemented by four rooms, a full kitchen with commercial extraction canopy, two bathrooms plus a powder room, and climate control. The level has independent amenities, separate metering, and is suited for adaptive reuse as commercial space or potential live/work accommodation (STCA).</li></ul>
Notes sur la vente
The first floor is offered with vacant possession, presenting an opportunity for an owner-occupier or investor to customize for office, consulting, or residential purposes. Market guidance suggests potential rental in the range of $45,000 to $50,000 per annum, based on comparable uses within the precinct. Historical tenancy was a wellness operator, indicating demand for professional and service-based uses.</li></ul>

Faits sur la propriété

Les caractéristiques et les équipements suivants s'appliquent à l'ensemble du bâtiment. Les détails relatifs aux unités de copropriété individuelles peuvent varier et figurent dans les informations concernant les unités ci-dessus.
Taille totale du bâtiment 4 090 pi²
Type de propriété Commerce de détail
Sous-type de propriété Commerce pied immeuble
Classe d’immeuble C
Planchers 2
Superficie de plancher typique 2 045 pi²
Taille du lot 0,09 AC

Commodités

  • Climatisation
  • ID d’inscription: 40153814

  • Date de mise sur le marché: 2026-04-15

  • Dernière mise à jour:

  • Adresse: 454-456 Nicholson St, Fitzroy North, VIC 3068

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