Jones Real Estate Secures $1.367 Million Sale of High-Exposure Freehold in the Heart of Northcote’s Retail Hub 

Jones Real Estate has successfully transacted the highly sought-after freehold property at 296 High Street, Northcote, achieving a sale price of $1,367,000 after strong competition among buyers eager to secure a presence in one of Melbourne’s most vibrant retail and lifestyle precincts.  

The double-story retail premises, positioned on a 249.17sqm* landholding with dual street frontage to High Street and Fredrick Street, generated 175 enquires, 12 inspections and three registered bidders throughout the campaign. Clear buyer sentiment came from owner-occupiers, keen to leverage the property’s prime location, High Street’s low vacancy rates and consistency high levels of foot traffic.  

Offered with vacant possession and benefitting from Commercial 1 Zoning, the property attracted significant interest thanks to its versatile floorplan, 5.5 metres* of high-impact High Street frontage, and its proximity to an eclectic mix of national and independent retailers including Coles, Aldi, IGA, Chemist Warehouse, Westpac, Calle Bakery, Tinker cafe, and Scott Pickett’s Estelle.  

“High Street, Northcote has evolved into one of Melbourne’s most dynamic inner-urban retail strips, underpinned by strong tenant demand and lifestyle appeal. The result of this campaign reflects the continued appetite for premium freeholds in tightly held inner-north locations,” said Luke Peric, Senior Manager at Jones Real Estate.  

The sale was managed by Jones Real Estate’s Luke Peric and Caleb Marchbank.  

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