Vinci Carbone and CRS Property are pleased to offer this unique retail investment with excellent future development potential (STCA) located in one of Fitzroy’s most cosmopolitan and edgy retail precincts – Gertrude Street.
The property presents endless possibilities for the astute investor to add value (STCA) in the future to this perfectly situated retail freehold whilst capitalising on the rental income derived from this well-established tenant.
The property comprises a part two level building of circa 329 sqm* leased to the long-standing tenant ‘About Space Lighting’.
The property features an impressive showroom used to display start of the art lighting products with the rear of the property currently being used as a workshop and storage area.
Key highlights:
Leased to established tenant ‘About Space Lighting’ on a 5 year lease expiring February 2026 with no further options.
Returning $118,110 per annum* plus outgoings (as at 23 February 2024).
Over 247 sqm of Premium Commercial 1 zoned land with rear ROW.
Part two level building of 329 sqm* featuring an impressive showroom.
Endless possibilities to add value (STCA).
Tram within walking distance.
Daily exposure from vehicle and pedestrian foot traffic.
Gertrude Street boasts an array of premium retail and hospitality tenants including Builders Arms Hotel, Gabriel Fitzroy, Belles Hot Chicken, Bailey Nelson, Le Labo and Ladro Gertrude
Rarely does a retail freehold investment property come to market with so many attributes. This can only be described as a first class opportunity.
FIRST TIME OFFERED IN 26 YEARS
For Sale by Public Auction Thursday 26 October at 12.30pm on-site
*approx.
