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531 Nicholson Street 1,076 SF Retail Building Carlton North, VIC 3054 For Sale
Investment Highlights
- The property occupies a prominent position on Nicholson Street, providing strong visibility and accessibility.
- The site is located in close proximity to Rathdowne Village, Princes Park, and Melbourne’s CBD.
- The property is situated in a high-demand inner-north location with established residential density and lifestyle amenities.
- It includes an existing hospitality fitout within a functional building layout.
- Public transport services along Nicholson Street offer convenient connectivity to the city and surrounding suburbs.
Executive Summary
531 Nicholson Street presents a rare opportunity to secure a freehold property in one of Melbourne’s most tightly held inner-north precincts. The property occupies a prominent position along Nicholson Street, offering strong visibility and accessibility in a location renowned for its vibrant residential and lifestyle appeal. With a land area of approximately 159 sqm and a building footprint of 100 sqm, the asset provides immediate functionality while offering significant long-term potential for repositioning or redevelopment, subject to council approval.
The property is currently improved with a hospitality fitout and benefits from flexible zoning under the Neighbourhood Residential Zone Schedule 1 (NRZ1), allowing for a range of future uses. Its proximity to Rathdowne Village, Princes Park, and Melbourne’s CBD enhances its desirability, supported by excellent public transport connectivity and strong surrounding residential density. This combination of location, flexibility, and underlying land value positions the property as an attractive proposition for owner-occupiers, investors, and value-add buyers seeking to leverage Carlton North’s enduring demand fundamentals.
The property is currently improved with a hospitality fitout and benefits from flexible zoning under the Neighbourhood Residential Zone Schedule 1 (NRZ1), allowing for a range of future uses. Its proximity to Rathdowne Village, Princes Park, and Melbourne’s CBD enhances its desirability, supported by excellent public transport connectivity and strong surrounding residential density. This combination of location, flexibility, and underlying land value positions the property as an attractive proposition for owner-occupiers, investors, and value-add buyers seeking to leverage Carlton North’s enduring demand fundamentals.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
1,076 SF
Building Class
C
Tenancy
Single
Building Height
1 Story
Building FAR
0.62
Lot Size
0.04 AC
Amenities
- 24 Hour Access
- Signage
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531 Nicholson Street
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