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Aspectos destacados

  • Dual-level freehold on a 359 m² site in a premium inner-north location
  • High-exposure retail position with excellent public transport connectivity via Nicholson Street tram
  • Existing hospitality fit-out and infrastructure including grease trap, exhaust canopy, and 3-phase power
  • First floor presents value-add potential via lease-up or residential/office adaptation

Resumen ejecutivo

454-456 Nicholson Street represents a rare two-level freehold opportunity in the heart of Melbourne’s vibrant inner-north corridor. Positioned prominently along Nicholson Street and surrounded by an active mix of retail, residential, and hospitality, the property is designed for versatility and long-term investment appeal. The building comprises approximately 380 m² across two separate floors on a landholding of 359 m², with separate front and rear access points and individual utility metering for each level. Ground floor is currently leased to an established licensed hospitality operator, providing secure income, while the first floor is offered with vacant possession, creating flexibility for owner-occupation, additional leasing opportunities, or future mixed-use conversion (STCA). Constructed from solid brick with concrete slab floors, the property features rear roller door access, a courtyard, grease trap, ventilation systems, and 3-phase power, supporting food and beverage operations as well as other commercial uses. On-street tram access and proximity to Melbourne’s CBD enhance connectivity, making this asset suitable for investors, owner-occupiers, or developers seeking a high-exposure position in one of Fitzroy North’s most sought-after locations.

2 UNidades disponibles

  • Unidad
  • Tamaño
  • Uso
  • Precio
  • Ingresos netos de explotación
  • Unidad 454
  • 190 m²
  • Local
  • 30.684 € (161,51 €/m²)
  • -
Tipo de venta Inversión
Referencia catastral/ID de terreno 2\TP161895
Descripción
This unit comprises the ground floor of a two-level commercial building, occupying approximately 190 m² with a street-facing retail configuration. The space is currently fitted for hospitality use and includes infrastructure such as a grease trap, exhaust canopies, 3-phase power, and direct access to a rear roller door and courtyard. The unit has self-contained amenities and operates under a separate electricity meter.
Notas de venta
The ground floor is leased to a hospitality operator under a five-year agreement commencing 10 January 2025, generating rental income of $40,170 per annum plus GST as at January 2026, with annual 3% rent increases and one further five-year option. Outgoings are wholly recovered from the tenant under the terms of the lease. This tenancy secures consistent income within a mixed-use area supported by strong pedestrian activity and excellent transport connectivity.
  • Unidad 456
  • 190 m²
  • Oficina/Local
  • 30.684 € (161,51 €/m²)
  • -
Tipo de venta Inversión o usuario propietario
Referencia catastral/ID de terreno 1\TP161895
Descripción
The first-floor component spans approximately 190 m² and features a separate entrance from Nicholson Street and rear access. It includes a large open-plan central space complemented by four rooms, a full kitchen with commercial extraction canopy, two bathrooms plus a powder room, and climate control. The level has independent amenities, separate metering, and is suited for adaptive reuse as commercial space or potential live/work accommodation (STCA).
Notas de venta
The first floor is offered with vacant possession, presenting an opportunity for an owner-occupier or investor to customize for office, consulting, or residential purposes. Market guidance suggests potential rental in the range of $45,000 to $50,000 per annum, based on comparable uses within the precinct. Historical tenancy was a wellness operator, indicating demand for professional and service-based uses.
Unidad Tamaño Uso Precio Ingresos netos de explotación
Unidad 454 190 m² Local 30.684 € (161,51 €/m²) -
Unidad 456 190 m² Oficina/Local 30.684 € (161,51 €/m²) -

Unidad 454

Tamaño
190 m²
Uso
Local
Precio
30.684 € (161,51 €/m²)
Ingresos netos de explotación
-

Unidad 456

Tamaño
190 m²
Uso
Oficina/Local
Precio
30.684 € (161,51 €/m²)
Ingresos netos de explotación
-

Unidad 454

Tamaño 190 m²
Uso Local
Precio 30.684 € (161,51 €/m²)
Ingresos netos de explotación -
Tipo de venta Inversión
Referencia catastral/ID de terreno 2\TP161895
Descripción
This unit comprises the ground floor of a two-level commercial building, occupying approximately 190 m&#178; with a street-facing retail configuration. The space is currently fitted for hospitality use and includes infrastructure such as a grease trap, exhaust canopies, 3-phase power, and direct access to a rear roller door and courtyard. The unit has self-contained amenities and operates under a separate electricity meter.</li></ul>
Notas de venta
The ground floor is leased to a hospitality operator under a five-year agreement commencing 10 January 2025, generating rental income of $40,170 per annum plus GST as at January 2026, with annual 3% rent increases and one further five-year option. Outgoings are wholly recovered from the tenant under the terms of the lease. This tenancy secures consistent income within a mixed-use area supported by strong pedestrian activity and excellent transport connectivity.</li></ul>

Unidad 456

Tamaño 190 m²
Uso Oficina/Local
Precio 30.684 € (161,51 €/m²)
Ingresos netos de explotación -
Tipo de venta Inversión o usuario propietario
Referencia catastral/ID de terreno 1\TP161895
Descripción
The first-floor component spans approximately 190 m&#178; and features a separate entrance from Nicholson Street and rear access. It includes a large open-plan central space complemented by four rooms, a full kitchen with commercial extraction canopy, two bathrooms plus a powder room, and climate control. The level has independent amenities, separate metering, and is suited for adaptive reuse as commercial space or potential live/work accommodation (STCA).</li></ul>
Notas de venta
The first floor is offered with vacant possession, presenting an opportunity for an owner-occupier or investor to customize for office, consulting, or residential purposes. Market guidance suggests potential rental in the range of $45,000 to $50,000 per annum, based on comparable uses within the precinct. Historical tenancy was a wellness operator, indicating demand for professional and service-based uses.</li></ul>

Información del edificio

Los siguientes datos e instalaciones de la propiedad se aplican a todo el edificio. Los detalles correspondientes a las unidades de condominio individuales pueden variar y se enumeran en la información de las unidades que figura más arriba.
Tamaño total del edificio 380 m²
Tipo de inmueble Local
Subtipo de inmueble Local a pie de calle en edificio residencial
Clase de edificio C
Plantas 2
Tamaño de planta tipo 190 m²
Tamaño del terreno 0,04 ha

Características del edificio

  • Aire acondicionado
  • ID del anuncio: 40153814

  • Fecha de salida al mercado: 15/04/2026

  • Última actualización:

  • Dirección: 454-456 Nicholson St, Fitzroy North, VIC 3068

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