135 Nicholson Street, Footscray, VIC 3011

Retail | Other | Development/Land



  • Property ID: 440298
  • Floor Area: 472m²
  • Land Area: 225m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 20/02/2024 472m2 225m2 Contact Agent
Fully Leased Mixed Use Investment. Calling 6.25%+ Return Investors.


Fully leased, mixed-use, and remarkably freehold — commercially speaking, this is the most lucrative find within Footscray’s Market. The astute investor knows not to put all eggs in one basket, and this investment offers multiple income streams across two retail stores and three apartments, providing $146,583.60 per annum gross ($131,000 per annum net*) in combined leasing income.

On the ground, a convenience store and tattoo shop make their mark on Footscray’s bustling retail precinct, whilst up one level and to the rear, three 2 bedroom apartments are filled by happy tenants. A high-profile position also meets an increased height limit, making future development on the cards for any buyer looking to take advantage of the blueprint.

Two street frontages mean dual access from Nicholson and Trugo Lane, with a generous public parking area at the rear. The best of Footscray’s multicultural food scene is at your doorstep, Footscray Plaza hosts Coles, Kmart, and Liquorland, and the train station sits only 200 m* away.

- Fully leased freehold mixed-use investment.
- $146,583.60 per annum gross leasing income ($131,000 pa net)
- Two retail stores and three 2 bedroom residential apartments.
- 225 sqm* total land area.
- 470 sqm* of total building area.
- Activity centre zoning with increased height limit for future development of 6+ levels (STCA).
- Large public parking area at the rear.
- 200 m* to Footscray railway station.
- 5 km* to Melbourne CBD.


Like Footscray itself, this investment oozes diversity. Mixed-use, multi-income, and freehold stature enrichens the offering and casts it in a league of its own. Your next investment awaits.

Pricing excludes GST

Additional Information
  • Availability: Subject to a lease
  • Lease Term: Refer to IM
  • Rent Review: Refer to IM
  • Car Spaces: Ample behind premises in public car park
  • Condition: Fair
  • Floors: Concrete
  • Lifts: NA
  • Car Parking Fees: Nil.
  • Water Rates: Resi: Paid by tenants Retail: $1000 pa approx.
  • Land Tax: $3,135 pa approx.
  • Council Rates: Residential: $3,663 + Retail: $3,710.27 pa approx.
Footscray Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $97 ---
Retail $4756 $407 8.56%
Offices --- $821 ---
This is the average advertised price, rent and yield for Footscray, VIC 3011*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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