123 Smith Street Fitzroy VIC 3065

Prominent 3 Level Building in Prime Retail LocationSite area: 384 sqm approxStreet frontage: 9.4 metres approxRear access from Little Smith StreetBuilding area 500 sqm approx comprising modern restaurant and stunning studio on upper levelCombined Rental: $90,443 p.a. GSTStrong rental growth potentialExcellent value add/development potential (STCA)Zoning: Business 1Tenancy Details:Ground & First Floors - Vibe RestaurantCurrent rental - $78,355 paLease Term - 5 years from 1st July 2009Second Floor - Art StudioCurrent rental - $12,088 paLease term - 5 years from 1st July 2009NOTE: No options on either leaseOutstanding opportunity to acquire substantial, well-appointed freehold property with rental upside and development potential (STCA).For further details, please contact James Gregson 0421 516 480 or Chris Kombi 0438 156 230