Gross Waddell ICR is pleased to announce the successful sale of 308-310 High Street, Northcote, following a highly competitive Expressions of Interest campaign.
The large double-fronted retail building, prominently positioned in the heart of the world’s coolest city, drew significant attention from both local and offshore investors, generating over 50 qualified enquiries.
Leased to Danté, a modern Greek fusion gem that blends sumptuous décor, inventive cuisine, and crafted cocktails, the property offers more than just strong investment fundamentals. In 2025, Danté was honoured with the Australian Good Food Guide Readers’ Choice Award, a testament to its reputation as an award-winning local standout and its loyal patron base across Melbourne.
Situated within Northcote’s major hospitality and retail precinct, the property benefits from exceptional foot traffic, strong surrounding amenity and excellent public transport connectivity. Its secure tenancy profile and prominent High Street frontage made it an attractive investment opportunity in one of Melbourne’s major hospitality and retail precincts.
“This campaign demonstrated the strength of demand for well-located retail investments, particularly those underpinned by secure leases in high-profile lifestyle precincts,” said Alex Ham. “Northcote continues to prove itself as one of Melbourne’s most dynamic and resilient commercial markets, and we expect demand for quality assets in this area to remain strong.”
The property sold for $1,850,000, reflecting a yield of approximately 4.4%, to a local investor.
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