397 Brunswick Street Fitzroy VIC 3065

Nelson Alexander Commercial is delighted to offer For Sale via Expressions of Interest an outstanding investment opportunity, positioned on a prime corner in the heart of Fitzroy. Located on the corner of Brunswick Street and Leicester Street, this substantial double-storey property sits on a prominent landholding and offers incredible potential for investors, developers, and land bankers alike. Leased to renowned fashion brand ThreeByOne, a global denim label operating across Australia and New Zealand, the property benefits from a brand new 10-year lease (5+5), providing a secure and attractive rental return. The building features a stylish ground-floor retail space, modern office accommodation upstairs, and a generous rear garage. Its strategic corner position offers three street frontages and approximately 55 metres of total frontage, enhancing future development prospects (STCA). Set in one of Fitzroy's most tightly held locations, this is a rare, "set and forget" investment in a blue-chip suburb with long-term capital growth potential. Opportunities of this calibre are seldom available we strongly recommend your consideration of this exceptional offering.

Key Property Features:

Versatile Commercial 1 (C1Z) Zoning
Substantial landholding of approx. 352m²
Expansive building area of approx. 632m²
Newly secured 10-year lease (5+5 years)
Quality tenant delivering a strong rental yield
Premium corner position in Fitzroy
Outstanding future development potential (STCA)
High-performing, blue-chip investment asset
Three street frontages totalling over 55 metres
Ideal "set and forget" investment opportunity
Stylish ground floor retail space plus modern upstairs office
Convenient rear garage providing ample parking and storage
A truly rare opportunity in a tightly held precinct
High visibility with consistent foot traffic
Strong local market fundamentals: Fitzroy median house price $1.7M (REA, April 2025)
Exceptional investment in a prestigious inner-city location inspection is a must

For all property enquiries or to arrange an inspection please contact exclusive selling agents Nelson Alexander Commercial.