Northcote’s Premium Development Site for Sale

Wednesday, August 5th, 2020

GrayJohnson has been appointed to sell a prominent mixed-use development site at 340-342 High Street, Northcote.

 

The property is to be sold via an Expression of Interest campaign closing Thursday 27 August @ 2 pm.

 

It consists of a significant landholding of 1,050 sqm approx with two expansive street frontages (High Street and Balgonie Place).

 

It has the added benefit of a planning permit for 23 apartments and four commercial spaces.

 

There has been significant interest from sophisticated developers in the inner northern suburbs for projects of 10 – 30 apartments; more particularly, for well-located sites which can be targeted to the owner-occupier market.

 

The property is positioned in the prime section of High Street, surrounded by hip bars, cafes, restaurants and specialty retail.

 

It is also minutes to Northcote Plaza and Northcote train station (only 300 metres away).

 

For more details, including a comprehensive IM and due diligence package, please contact Matt Hoath on 0418 543 714 or Rory White on 0439 655 504 or Brett Simpson on 0402 427 392.