Northcote Plaza shop in inner northern Melbourne listed

A retail investment opportunity in the Northcote Plaza in Melbourne’s inner northern suburbs is on the market. 

The property, shop 30, comprises a single level retail shop with a 98 sqm of floorspace.

Plaza Deli has a three year lease expiring March 2021 at a current rental of $47,336 per annum with 4 per cent annual rent reviews. 

According to marketing agents, Teska Carson’s Fergus Evans and Adrian Boutsakis, the property presents an opportunity for purchasers to acquire a secure investment property located within a successful and vibrant mall.  

Shop 30 benefits from its position in a centre anchored by Coles and Kmart, along with 60 specialty retailers including national brands OPSM, Specsavers and Bank of Melbourne.

The centre has 900 plus car spaces and operates with a catchment of five to six million customers per year.  

The property will be auctioned August 16.