51-55 Johnston Street, Fitzroy, VIC 3065

Development/Land | Offices

Sold

Sold

  • Property ID: 396663
  • Floor Area: 1292m²
  • Land Area: 453m²
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Whole Building Sold N/A 1292m2 453m2 Contact Agent
OCCUPY, VALUE-ADD OR FUTURE RE-DEVELOPMENT.

POINT OF INTEREST:
To say you’re in the mix would be an understatement. Situated between Brunswick and Nicholson streets, 51-55 Johnston Street is positioned in one of the city fringe’s most desirable, vibrant, and amenity-filled locations. The building itself offers three levels – combining for a gross building area of 1,292 sqm* - featuring both tenanted and vacant space. Income is derived from a long-term tenant that occupies the second floor, whilst the vacant ground and first floors offer a blank canvas ready for the purchaser to do as they please. Circling back to this point on the map, the site is just 725 m* to Alexandra Parade and the Eastern Freeway, 1.5 km* to Hoddle Street, and 2.1 km* to the CBD. A plethora of public transport options are on your doorstep – Johnston Street bus routes, Nicholson, and Brunswick Street tram routes and a short 1.5 km* to Parliament train station and the City Loop – but most importantly, it’s just 50 m* to Mile End Bagels.

- 1,292 sqm* gross building area.
- 453 sqm* land area.
- Part let income (level 2) of $113,608.86 per annum gross.
- Substantial rental upside for investors - potential income circa $350,000 per annum net.
- Commercial 1 Zoning.
- Secure ground floor parking and rear lane access.
- 725 m* to Alexandra Parade and the Eastern Freeway.
- 1.5 km* to Parliament station and the City Loop.

POINT OF VIEW:
The development criteria are all there – an A-grade city fringe location, dual street access, and favourable zoning for commercial or residential redevelopment. This exceptional Fitzroy offering is also certain to attract the attention of owner-occupiers and investors..

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Immediate
  • Car Spaces: Secure ground floor parking
  • Condition: Very Good
  • Air Conditioning: Ducted and split systems throughout
  • Floors: Concrete / Carpet
  • Lifts: No
  • Height: 2.4m (approx)
  • Car Parking Fees: SRO Congestion Levy applies
Outgoings
  • Water Rates: $825pa (approx)
  • Land Tax: $13,015pa (approx)
  • Council Rates: $9,063pa (approx)
Fitzroy Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $10140 --- ---
Retail $6631 $454 6.85%
Offices $6575 $339 5.16%
This is the average advertised price, rent and yield for Fitzroy, VIC 3065*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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