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262-266 Nicholson Street
Fitzroy VIC 3065
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262-266 Nicholson Street Fitzroy VIC 3065

  • Shop & Retail
  • 205 m²
  • Expressions of Interest

INNER MELBOURNE CORNER INVESTMENT WITH UPSIDE

  • Recently Renewed Lease
  • Long-standing Tenant
  • Blended MUZ and C2Z Zoning

Gross Waddell ICR is pleased to offer for sale 262-266 Nicholson Street, Fitzroy, a prime triple street fronted landbank investment. Securely leased to a long-standing tenant, the property offers unbeatable exposure and a combined street frontage of 70 m* and is located within the heart of Melbourne's coolest neighbourhood.

Substantial corner landholding of 451 sqm* with triple street frontage to Nicholson Street, Henry Street and Argyle Street

Securely leased to City Hand Carwash and Café on a recently renewed lease

5-year lease from 12th February 2025 with no further options

Substantial income profile returning $98,538 net per annum*

Blended zoning of C2Z and MUZ providing inherent development or reposition outcomes post lease expiry

Exceptional city fringe location in Melbourne's trendy inner suburb of Fitzroy, merely 2.6 km* from the Melbourne CBD

Within immediate proximity to thriving retail precincts including Brunswick Street (190 m*), Lygon Street 665 m*), Smith Street (805 m*) and Gertrude Street (920 m*)

Fitzroy has been noted as the world's coolest neighbourhood, full eclectic bars and restaurants which are popular with students, weekenders and young professionals

Perfect connectivity with tram route directly out front and easy drive into the CBD via Nicholson Street

The property is for sale via an Expression of Interest campaign closing at 3:00 pm on Thursday the 17th of October 2024. For further information or to discuss this investment opportunity further, please contact the team at Gross Waddell ICR directly.

*approx.

EXPRESSION OF INTEREST

Closing date and time17/10/2024 15:00
Recipient nameAsk Agent
Delivery addressAsk Agent
Gross Waddell ICR Pty Ltd
Gross Waddell ICR Pty Ltd
Level 1/30 Collins St
Melbourne, VIC 3000

Property Highlights

Floor Area205 m²
Land Area451 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019493947
Category
Last updated  17 Sep 2024
Map for 262-266 Nicholson Street Fitzroy VIC 3065
Gross Waddell ICR Pty Ltd
Gross Waddell ICR Pty Ltd
Level 1/30 Collins St
Melbourne, VIC 3000

Property Highlights

Floor Area205 m²
Land Area451 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019493947
Category
Last updated  17 Sep 2024

Co-Agents

Danny Clark
Gross Waddell ICR Pty Ltd
Call
0448 066 889
Andrew Waddell
Andrew Waddell
Gross Waddell ICR Pty Ltd
Call
0419 400 991

More about 262-266 Nicholson Street Fitzroy VIC 3065

262-266 Nicholson Street Fitzroy VIC 3065 is categorized as Shop & Retail Property. It has a floor area of 205 m² and a land area of 451 m². The listing ID for this property is 2019493947.

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