505 High Street, Northcote VIC 3070

An outstanding opportunity to secure a tightly held Commercial 1 Zoned (C1Z) freehold in one of Melbourne’s most dynamic and high-growth precincts.

Positioned on the vibrant High Street retail strip, this versatile property comprises a renovated commercial shopfront (505) and a fully self-contained residence (505A) on a single title—offering reliable dual income and a solid foundation for future capital appreciation.

Commanding premium frontage and high exposure, the site benefits from consistent foot traffic, excellent connectivity, and strong tenant demand. The flexible zoning allows for retail, office, or residential use, presenting exceptional scope for future redevelopment or expansion, subject to council approval.

Floorplan Overview:
The front tenancy (505) features a modern, fully refurbished retail space with polished finishes, an open layout, and excellent street exposure—ideal for boutique, service, or office use. The rear dwelling (505A) offers a spacious two-bedroom residence with a well-appointed kitchen, open-plan living and dining area, and private courtyard access, creating a comfortable home environment separate from the commercial frontage. Both spaces have independent entries, each equipped with security cameras for peace of mind, ensuring privacy, convenience, and safety for all occupants.

Key Investment Highlights:
• Commercial 1 Zoning (C1Z) – highly flexible mixed-use designation
• Two established income streams – commercial tenancy + leased residence, with scope to enhance returns through rental uplift or future lease adjustments
• Strong underlying land and site value in a blue-chip growth corridor
• High-exposure location surrounded by cafés, transport, and local amenities
• Future value-add or redevelopment potential (STCA)
• Situated less than 7km from Melbourne CBD in a proven high-demand pocket

A rare, secure freehold offering long-term growth, rental security, and strategic upside—ideal for investors, future owner-occupiers, or developers seeking to capitalise on Northcote’s thriving urban landscape