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Overview
Shovel-Ready Mixed-Use Development Opportunity in Prime Northcote Location
This property presents a shovel-ready mixed-use development opportunity in a prime location within Northcote. The site spans 206 square meters and comes with fully endorsed plans and permits, allowing immediate commencement of construction without the usual council planning risks. The approved design is a striking three-level mixed-use landmark, thoughtfully created by Circa Design and Build.
The existing property on the site is a versatile single-storey building featuring a modern shopfront layout, ideal for commercial use. At the rear of the building, there is a comfortable two-bedroom residence that includes a living room, kitchen, bathroom, and a dedicated laundry area. Access to the rear is facilitated by an automatic roller door via the right of way, providing convenience and security. This residence offers immediate rental income potential while preparations for redevelopment are underway.
The approved project plans detail a well-conceived layout across multiple levels:
- Ground Floor: A high-exposure commercial office space measuring 93.49 square meters, designed to attract significant foot traffic and visibility.
- First Floor (Apartment 1): A spacious 147.24 square meter apartment featuring two bedrooms, each with its own ensuite, a separate powder room, and a balcony, providing comfortable and stylish living quarters.
- Second Floor (Apartment 2): A premium 154.26 square meter apartment also comprising two bedrooms with ensuites, a separate powder room, and designed for luxury living.
- Rooftop Oasis: A spectacular private rooftop garden of 100.86 square meters dedicated to Apartment 2, offering an exclusive outdoor retreat with potential for entertaining and relaxation.
- Parking: Secure parking space for two cars, ensuring convenience for residents and visitors.
All necessary approvals and permits have been secured, making this an exceptional opportunity to invest in a high-growth precinct within Northcote. The property is ideal for developers or investors looking to capitalize on a premier permit-approved project with strong future potential. This site combines immediate income with long-term development prospects, making it a compelling proposition in a sought-after location.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| Auction | Thu 25th Jun 02:00 PM | |
| Auction $1,200,000 - $1,280,000 |
Location
Northcote VIC 3070
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 96 m² |
Market Insights for Northcote VIC 3070
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