RARE OPPORTUNITY TO OWN A BRAND RETAIL SPACE, IN A SUBURB INNER-CITY LOCATION, WITH A 4.5% NET RENT RETURN, FROM A HIGH QUALITY VICTORIAN GOVERNMENT TENANT, WITH A LONG LEASE AND REGULAR RENT INCREASES.
A lively suburb with a bohemian reputation, Fitzroy’s eclectic bars and restaurants are popular with students, weekenders and young professionals.
Street art covers the narrow backstreets, where small galleries sit alongside corner pubs and terrace houses.
Brunswick Street is a trendy retail and nightlife strip, while Gertrude Street is known for its design and art-supply stores, wine bars and buzzy eateries.
Postal Code: 3065
Location: 1.5 km from Melbourne CBD
The retail spaces are on the ground floor, with a BRAND NEW, FULLY SOLD OUT, luxury low rise apartment block above.
# 5 year initial term commencing 1/09/20
Secure Government Tenant
# 2 x 3 year options
# 292 sq m ( approx. 2,248 sq feet)
# Leased to Government tenant
# AU$153,000 pa net rental
# Freehold Title
# 30 m of street frontage
Approved for sale to Foreign Investors, No Foreign Buyer taxes
Asking Price AU$3.4 M (Approx HK$19 M)
Tenancy 2- 201m2
FOR SALE VACANT
Tenancy 2- AUD 2.1 million
Tenancy 2- S SPACES