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25 Separation St 86 SF Retail Condo Unit Offered at $280,576 in Northcote, VIC 3070
Investment Highlights
- Positioned in a prime inner-northern Melbourne location serving a high-density residential catchment.
- Provides over 900 on-site car parks for convenient customer access.
- Anchored by major national retailers and complemented by diverse specialty stores.
- Excellent public transport connectivity via bus, tram, and nearby rail station.
Executive Summary
Northcote Plaza is an established enclosed shopping center located at 25 Separation Street in Northcote, Victoria. The center is positioned in Melbourne’s inner north and serves as a key retail hub for the surrounding residential community. Anchored by national retailers such as Coles, along with a mix of specialty stores and service providers, the plaza offers a diverse retail mix complemented by abundant on-site parking facilities. With multiple points of entry and strong public transport connectivity via bus, tram, and nearby train stations, the property receives consistent daily foot traffic. The complex features open-plan retail spaces, natural light through extensive glazing, and opportunities for flexible tenancy configurations within a vibrant trade area backed by substantial demographic spending power.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 97\SP27953 |
| Cap Rate | 6.34% |
| Sale Type | Investment |
| Cap Rate | 6.34% |
| APN/Parcel ID | 97\SP27953 |
Description
This property is a strata-titled retail unit within the established Northcote Plaza shopping center. The center features a mix of major anchor tenants and over 60 specialty retailers, offering a consistent customer base and significant daily foot traffic. Ownership provides the benefits of participating in the shared infrastructure of the plaza, which includes approximately 900 on-site parking spaces, managed common areas, and strong exposure along primary shopper pathways.
Strata ownership arrangements allow for low maintenance responsibilities while still granting individual title security and the potential for long-term capital appreciation. The project’s active management and upcoming redevelopment within the broader precinct promise enhanced tenant mix and future amenity growth.
Strata ownership arrangements allow for low maintenance responsibilities while still granting individual title security and the potential for long-term capital appreciation. The project’s active management and upcoming redevelopment within the broader precinct promise enhanced tenant mix and future amenity growth.
Sale Notes
This income-producing asset represents a rare opportunity to acquire a securely-tenanted strata retail unit in Melbourne’s inner north, just 7km from the CBD. The property is currently leased on a new three-year term with an additional three-year option, generating $25,359.96 per year plus GST and outgoings, with 4% annual increases.
Located within Northcote Plaza, the property benefits from its placement in a thriving retail environment serviced by generous parking and established customer flows. A major $500 million redevelopment adjacent to the plaza will introduce 6,500 sqm of new retail, office spaces, and 600 apartments across four residential towers. While boosting precinct value and consumer activity, the construction will not affect the existing plaza’s operations, ensuring income stability.
Secure a strategic retail investment complemented by strong fundamentals, low-maintenance ownership, and compelling future uplift potential in one of Melbourne’s most dynamic urban growth corridors.
Located within Northcote Plaza, the property benefits from its placement in a thriving retail environment serviced by generous parking and established customer flows. A major $500 million redevelopment adjacent to the plaza will introduce 6,500 sqm of new retail, office spaces, and 600 apartments across four residential towers. While boosting precinct value and consumer activity, the construction will not affect the existing plaza’s operations, ensuring income stability.
Secure a strategic retail investment complemented by strong fundamentals, low-maintenance ownership, and compelling future uplift potential in one of Melbourne’s most dynamic urban growth corridors.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 97 | 86 SF | Retail | $280,576 ($3,262.51/SF) | $17,788.49 |
Unit 97
| Unit Size |
| 86 SF |
| Condo Use |
| Retail |
| Price |
| $280,576 ($3,262.51/SF) |
| NOI |
| $17,788.49 |
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Unit 97
| Unit Size | 86 SF |
| Condo Use | Retail |
| Price | $280,576 ($3,262.51/SF) |
| NOI | $17,788.49 |
| Sale Type | Investment |
| Cap Rate | 6.34% |
| APN/Parcel ID | 97\SP27953 |
| Description | |
| This property is a strata-titled retail unit within the established Northcote Plaza shopping center. The center features a mix of major anchor tenants and over 60 specialty retailers, offering a consistent customer base and significant daily foot traffic. Ownership provides the benefits of participating in the shared infrastructure of the plaza, which includes approximately 900 on-site parking spaces, managed common areas, and strong exposure along primary shopper pathways.<br> <br> Strata ownership arrangements allow for low maintenance responsibilities while still granting individual title security and the potential for long-term capital appreciation. The project’s active management and upcoming redevelopment within the broader precinct promise enhanced tenant mix and future amenity growth.</li></ul> | |
| Sale Notes | |
| This income-producing asset represents a rare opportunity to acquire a securely-tenanted strata retail unit in Melbourne’s inner north, just 7km from the CBD. The property is currently leased on a new three-year term with an additional three-year option, generating $25,359.96 per year plus GST and outgoings, with 4% annual increases.<br> <br> Located within Northcote Plaza, the property benefits from its placement in a thriving retail environment serviced by generous parking and established customer flows. A major $500 million redevelopment adjacent to the plaza will introduce 6,500 sqm of new retail, office spaces, and 600 apartments across four residential towers. While boosting precinct value and consumer activity, the construction will not affect the existing plaza’s operations, ensuring income stability.<br> <br> Secure a strategic retail investment complemented by strong fundamentals, low-maintenance ownership, and compelling future uplift potential in one of Melbourne’s most dynamic urban growth corridors.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 235,934 SF | Typical Floor Size | 235,934 SF |
| Property Type | Retail (Condo) | Year Built | 1981 |
| Building Class | B | Lot Size | 15.37 AC |
| Floors | 1 |
| Total Building Size | 235,934 SF |
| Property Type | Retail (Condo) |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 235,934 SF |
| Year Built | 1981 |
| Lot Size | 15.37 AC |
Amenities
- Enclosed Mall
- Air Conditioning
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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25 Separation St
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