• Significant heritage freehold with rear frontage and loading access via Austin Way
• Dependable, long-term lease to a thriving restaurant
• Outstanding foot traffic in ultra-high-exposure Fitzroy North Village
A first-class commercial prospect among one of the inner-north's most widely adored lifestyle strips, this substantial, low-maintenance freehold offers dependable, passive income with scope to repurpose down the line. Currently rented to a long-time Italian restaurant, lease details include:
- $46,681.80 per annum ($3890.15 per calendar month)
- Three years secured from 11/10/2023
- A pair of three-year extension options, leased at increased amounts
Noteworthy points include:
- Land size: 134sqm approx. with rear frontage and loading access via Austin Way
- Neighbourhood Residential Zone (NRZ)
- Heritage Overlay (HO327)
- Approx. 4km to Melbourne's bustling city centre
- Multiple tram routes and Rushall Station ensuring quick access to the CBD and beyond
- Placed among some of Melbourne's most popular cafés, restaurants, bars, and boutiques
- Steps from picturesque Edinburgh Gardens and Merri Creek
- Moments from Nicholson Street, Queens Parade, and additional inner-city lifestyle precincts
- Further prosperity coming to the area with Piedimonte's imminent redevelopment
