151 Westgarth Street, Northcote VIC 3070
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145 sqm / approx
MORTGAGEE AUCTION - Outstanding Medical Freehold
Nelson Alexander Commercial are pleased to offer For Sale via Auction this superb standalone medical freehold located in the heart of the highly coveted Westgarth precinct.
Key Features:
> Land area of 505sqm* with on-site car parking.
> Under pinned by GRZ Zoning allowing for future residential conversion (STCA)
> Northcote has a strong median house price of $1,730,000 and benefits from excellent historical growth.
> Purpose-built medical fit-out including consulting rooms, reception and waiting areas
> High-exposure position opposite Bill Lawry Oval and moments to High Street Northcote and Station Street Fairfield retail strips.
> Renewed 3 year lease returning $71,000 pa* leased to established psychology practise ‘Engage Psychology’ with three locations in Metropolitan Melbourne.
> Landlord favoured 5% fixed annual increases
> Strategic inner-north location surrounded by public transport, lifestyle amenity, and thriving local businesses
> Strong tenancy demand for medical and commercial properties in the Northcote precinct
For all enquiries or to arrange a private inspection, please contact exclusive agents Nelson Alexander Commercial.
^source: realestate.com.au
*approx.
Key Features:
> Land area of 505sqm* with on-site car parking.
> Under pinned by GRZ Zoning allowing for future residential conversion (STCA)
> Northcote has a strong median house price of $1,730,000 and benefits from excellent historical growth.
> Purpose-built medical fit-out including consulting rooms, reception and waiting areas
> High-exposure position opposite Bill Lawry Oval and moments to High Street Northcote and Station Street Fairfield retail strips.
> Renewed 3 year lease returning $71,000 pa* leased to established psychology practise ‘Engage Psychology’ with three locations in Metropolitan Melbourne.
> Landlord favoured 5% fixed annual increases
> Strategic inner-north location surrounded by public transport, lifestyle amenity, and thriving local businesses
> Strong tenancy demand for medical and commercial properties in the Northcote precinct
For all enquiries or to arrange a private inspection, please contact exclusive agents Nelson Alexander Commercial.
^source: realestate.com.au
*approx.
