Northcote Central 5 Separation Street, Northcote, VIC, 3070

Colliers is pleased to exclusively present for sale Northcote Central, an inner-metropolitan neighbourhood shopping centre on a gateway Commercial 1 Zoned site within a premier lifestyle location.

Northcote Central represents a short-WALE non-discretionary based neighbourhood centre with significant value-add and repositioning potential. Designated as a 'Substantial Change Area' with no mandatory height limits, the 9,210sqm* landholding represents a highly viable mixed-use redevelopment opportunity to service the strong retail, commercial, and residential demand in an undersupplied market.

Prominently positioned on Northcote's thriving High Street, Northcote Central is located in one of Australia's best lifestyle locations just 6km* from the Melbourne CBD with an abundance of retail, public transport and lifestyle amenity. Boasting a 97/100 walk score and immediate access to Tram Route 86 and Northcote Station, providing direct connections to the CBD, Docklands and nearby universities.

Investment Highlights

• 9,210sqm* 'Substantial Change Area' site with no mandatory height limit

• Immediate lease-up, rental reversion and value-add potential to drive net income

74% weighting to national tenants with an emphasis on daily needs and convenience retail and services

• Rare quadruple street frontage providing multiple access points, with exposure to over 27,100* cars passing daily

• Northcote median house price of $1.72 million*, 80% higher than metro average supported by significant rental demand

*Approximate 

Northcote Central is offered for sale via Expressions of Interest closing 3:00pm (AEST) on Thursday 3 September 2026.

For more information, please contact the agents:

Tim McIntosh | [email protected] | +61 488 320 063

Robert Papaleo | [email protected] | +61 418 327 574

John Marasco | [email protected] | +61 412 211 033

Remember to mention you found this property on CommercialReady