Back 454 Nicholson Street
Off Market

454 Nicholson Street

Fitzroy North VIC 3068

6
4
2
House
Andrew KolovosAndrew Kolovos, last sold this property on 25 February 2026 after 86 days on market.

Overview

TWO LEVEL BUILDING WITH TWO SEPARATE SPACES (GROUND FLOOR AND FIRST FLOOR)

Endless possibilities with scope to occupy as residence being zoned Neighbourhood Residential. Combined Building Area: 380 sqm approx. Land Area: 359 sqm approx. Ground Floor: Licenced Restaurant/Burger Bar Leased to "That Burger Joint" Floor Area: 190 sqm approx. Lease: Five (5) Years commencing 10/01/2025 Rental: $40,170 per annum plus GST as at 10/01/2026 Increases: Yearly by 3% Further Term: Five (5) Years Outgoings are payable by tenant Easily Converted into Residential Home 1st Floor Being offered with Vacant Possession Separate Front & Rear Entrance Floor Area: 190 sqm approx. Previously leased to a commercial tenant (Wellness Centre) Potential rental of $45,000 - $50,000 per annum approx. Suitable to Occupy or Lease out or a mixture of both Large Open Plan Area 4 Rooms/Bedrooms Kitchen with Commercial Extraction Canopy 2 Bathrooms + powder room Laminate Floor Coverings Heating/Cooling Easily Converted into Residential Home The property features: Separate electricity metres Solid Brick Construction Concrete Slab flooring to both levels Roller Door at Rear Courtyard Grease Trap Exhaust Canopies 3 Phase Power Two Entrances to Each Level Zoned Neighbourhood Residential Ground Floor Outgoings (payable by tenant): Council Rates: $7,000 per annum Water Rates: $700 per annum 1st Floor Outgoings Council Rates: $1,400 per annum Water Rates: $700 per annum

Features

6 bedrooms
4 bathrooms
2 carspaces
House

Estimated Value

Based on this property and similar 6 bedroom houses sold in Fitzroy North over the last 12 months, the estimated median property value of 454 Nicholson Street is $1.46m.

Median value
$1.46m
Estimated value range
$1.46m - $1.46m
Median days on market
69
Estimated value trend
0%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Fitzroy North. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 454 Nicholson Street

2026
Sold
Undisclosed
Private Sale/Treaty on 25 Feb 2026 by Andrew Kolovos, of Steveway Real Estate

Happy sellers in Fitzroy North

76%
76% of sellers in Fitzroy North reported that their sale price either exceeded or met their price expectations.

Fitzroy North stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 10 reviews in Fitzroy North over the last 12 months.

Local market activity for 6 bedroom houses in Fitzroy North

In the last 12 months, 3 six-bedroom houses similar to 454 Nicholson Street, have been sold.

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