Jones Real Estate Brings High Exposure Freehold in the Heart of Northcote’s Retail Hub to Market 

A highly sought-after Commercial 1 Zoned freehold has hit the market on one of Melbourne’s trendiest and most internationally acclaimed streets. Located at 296 High Street, Northcote, the asset is attracting significant interest from astute value add investors and occupiers.  

Boasting a land area of 249.17sqm* and a gross building area of 251sqm*, the property features a double-storey retail premises with dual street frontage on High Street and Frederick Street. The 5.5 metres* of high impact frontage on High Street’s thriving commercial strip delivers constant exposure, foot traffic, and excellent signage potential.  

With a projected income stream of $100,000** per annum plus GST & Outgoings, this premium two-storey freehold investment presents an opportunity for investors seeking long-term capital growth or owner-occupiers looking to establish a flagship in one of Melbourne’s most tightly held retail strips.  

Offered with vacant possession, a flexible floorplan and Commercial 1 Zoning, the property presents a highly versatile opportunity for future improvements or occupation. Darebin City Council permits a wide range of uses, including retail, hospitality, office and medical, allowing for long-term versatility.  

Northcote’s iconic High Street is home to an eclectic mix of independent and national retailers including Coles, Aldi, IGA, Chemist Warehouse, Westpac, Cash Converters and The Bottle-O. This prime location ensures consistent retail demand, underpinning long-term tenant appeal and investment security. 

“High Street, Northcote has become one of Melbourne’s most dynamic inner-urban retail and lifestyle precincts. Opportunities to secure a freehold in this tightly held pocket are incredibly rare,” said Luke Peric, Senior Manager at Jones Real Estate. 

This freehold property will be offered for sale via public on-site auction on Thursday 28^th of August at 10:30am (AEST). The campaign is led by Luke Peric and Caleb Marchbank from Jones Real Estate.  

For more information, please visit https://www.jonesrealestate.com.au/.

*Approximate  
**Estimate