SECURELY LEASED INVESTMENT OPPORTUNITY

- Ray White Commercial Preston are excited to present for sale this superb boutique freehold investment in a popular Northcote location only 8km's * from the Melbourne CBD
- Strategically located in the heart of vibrant High Street - recently voted the 'coolest street in the world'
- Surrounded by popular eateries, retailers, offices and various multi storey residential apartment buildings
- Leased to longstanding and well-regarded Italian Restaurant Va Penne who recently renewed their lease until 19.1.2030 with 2 remaining options of 5 years
- Returning $45,060 plus outgoings with fixed 3 per annual increases and market reviews in year one of each option
- Flexible Commercial 1 Zoning with frontage to High Street and rear lane access
- Outstanding transport options nearby with Croxton Train Station within 350 metres * and the tram at your door step
- Walking distance to Northcote Plaza and Welcome to Thornbury
* Approximately

From 1 July 2024, the State Revenue Office offers eligible buyers of commercial and industrial properties the option to pay stamp duty upfront at settlement or spread payments over 10 years.

For further information or to arrange an inspection contact:

John Kalpakis 0412 500 250
john.kalpakis@raywhite.com

Mitchell Kalpakis 0428 761 735
mitch.kalpakis@raywhite.com

DISCLAIMER:
Whilst Ray White Preston has taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accepts no responsibility and disclaims all liability in respect of any errors, inaccuracies, or misstatements contained herein.
Ray White Preston urges prospective purchasers to make their own inquiries to verify the information contained herein.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Explore the area

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School catchments

Santa Maria College Secondary 7-12 Catholic 0.60km
Northcote Primary School Primary Prep-6 Government 0.71km
Fitzroy Community School - Thornbury Campus Primary Independent 0.84km
Wales Street Primary School Primary Prep-6 Government 0.96km
St Mary's School Primary Prep-6 Catholic 1.0km
St Joseph's School Primary Prep-6 Catholic 1.0km
Thornbury Primary School Primary Prep-6 Government 1.2km
Northcote High School Secondary 7-12 Government 1.3km
Westgarth Primary School Primary Prep-6 Government 1.3km
Holy Spirit School Primary Prep-6 Catholic 1.6km
Merri Creek Primary School Primary Prep-6 Government 1.6km
Brunswick East Primary School Primary Prep-6 Government 1.7km
Penders Grove Primary School Primary Prep-6 Government 1.8km
Deutsche Schule Melbourne Primary Prep-6 Independent 2.1km
Preston South Primary School Primary Prep-6 Government 2.1km
Bell Primary School Primary Prep-6 Government 2.1km
St John's College Preston Combined Prep-12 Independent 2.2km
Virtual School Victoria Combined Prep-12 Government 2.4km
Fitzroy High School Secondary 7-12 Government 2.4km
Parade College - Preston Campus Secondary Catholic 2.5km
Thornbury High School Secondary 7-12 Government 2.5km
Antonine College - Cedar Campus Combined Catholic 2.8km
SEDA College (Victoria) - AFL- Preston Secondary Independent 2.8km
Preston High School Secondary 7-12 Government 2.8km
Fitzroy High School - Wurun Senior Campus Secondary Government 3.2km
Sydney Road Community School Secondary 7-12 Government 3.3km
Bindjiroo Yaluk Community School-The Island Campus Secondary Government 3.4km
Sydney Road Community School-Coburg Teaching Unit Secondary Government 3.5km
Charles La Trobe P-12 College-The Pavilion Campus - Preston East Combined Government 3.5km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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