Suite 6/405 High Street
Northcote, VIC 3070

This fully fitted strata office is located within the iconic 405 High Street building in Northcote, presenting a rare opportunity to acquire a high-exposure, income-producing commercial asset in one of Melbourne's most sought-after precincts. The property is securely leased to a reputable tenant, providing immediate income with fixed annual growth, making it an attractive investment with a competitive net return compared to similar inner-north commercial properties.

The office space benefits from a modern lease profile, a strong tenant covenant, and minimal ongoing capital expenditure, positioning it as a defensive yield investment with promising long-term potential. The premium-quality fit-out enhances tenant retention and minimizes downtime risk, while the flexible floorplan caters to a wide range of office users, including potential future owner-occupiers.

Additional features include secure underground parking, disabled access, and secure entry, all of which contribute to the property's strong investment credentials. The location is highly convenient, with Northcote Plaza just 110 metres away, direct tram access via Route 86 at the doorstep, and Northcote Train Station within easy walking distance. This prime positioning supports sustained leasing demand and yield resilience across market cycles.

Key Property Features:

• Strata office area approximately 165 square metres
• Premium fully fitted office accommodation
• Multiple workstations, private offices, and a boardroom
• Separate kitchen and bathroom facilities
• Disabled access and secure entry
• Secure underground car space for one vehicle
• Visitor car parking available
• Prime High Street exposure with tram frontage

Investment Summary:

• Securely leased to OnQ Software
• Three-year lease commenced 1 December 2023
• Four further one-year lease options
• Current income of $48,000 per annum plus GST and outgoings
• 3% fixed annual rental increases
• Indicative of a strong, stabilized yield profile for an inner-north strata office
• Low-management, set-and-forget investment

This opportunity offers secure income, fixed rental growth, and genuine scarcity in a tightly held High Street location. It is ideal for investors seeking reliable yield today with future flexibility, making it a compelling consideration for immediate acquisition.