A Rare High Street Investment — Secure Income, Defensive Yield

RT Edgar is pleased to present this fully fitted strata office within the iconic 405 High Street, Northcote building—an increasingly scarce opportunity to secure a high-exposure, income-producing asset in one of Melbourne’s most tightly held commercial precincts.
Securely leased to OnQ Software, the property provides immediate income with fixed annual growth, offering investors a competitive net return relative to comparable inner-north commercial assets. The combination of a modern lease profile, quality tenant covenant and minimal ongoing capital expenditure positions this asset as a defensive yield play with long-term upside.
The premium-quality fit-out enhances tenant retention and reduces downtime risk, while the flexible floorplan ensures ongoing appeal to a broad range of office users, including future owner-occupiers. Secure underground parking, disabled access and secure entry further strengthen the property’s investment credentials.
With Northcote Plaza just 110 metres away, the Route 86 tram directly at the doorstep, and Northcote Train Station within easy walking distance, the location underpins sustained leasing demand and supports yield resilience across market cycles.

Key Property Features
• Strata office area: 165sqm approx.*
• Premium fully fitted office accommodation
• Multiple workstations, private offices and boardroom
• Separate kitchen and bathroom
• Disabled access and secure entry
• Secure underground car space (1)
• Visitor car parking
• Prime High Street exposure with tram frontage

Investment Summary
• Securely leased to OnQ Software
• 3-year lease commenced 1 December 2023
• Four (4) further options of 1 year each
• Current income: $48,000 pa + GST + outgoings
• 3% fixed annual increases
• Indicative of a strong, stabilised yield profile for an inner-north strata office
• Low-management, set-and-forget investment

Opportunities delivering secure income, fixed rental growth and genuine High Street scarcity are tightly held and rarely offered. For investors seeking reliable yield today with future flexibility, this asset demands immediate consideration.

Inspections are highly encouraged.