28-32 Spring Street, Fitzroy, VIC 3065

Development/Land | Industrial

Sold

  • Property ID: 434624
  • Floor Area: 143m²
  • Land Area: 183m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 01/03/2024 143m2 183m2 Contact Agent
SOLD - Rare Inner City Warehouse with Development potential

Vision Real Estate are pleased to offer this rare opportunity to purchase a mixed use property offering a multitude of possibilities located in the heart of Fitzroy.

Located in one the hottest locations in inner city Melbourne, Spring Street, Fitzroy will appeal to Investors, Developers and Occupiers alike. Located close to Brunswick and Johnston Streets shopping and entertainment precinct and walking distance to trams and busses, this location is second to none and only minutes to the CBD.

The opportunities;

Develop – this is the perfect development site with a demolition clause in the current lease, mixed use zoning, multiple titles and two street frontages;

Invest – enjoy the income from the long established tenant;

Occupy - occupy the very functional and usable building at the end of the lease term.

Features include;

• Land area: 183m2
• Building area: 143m2
• Two street frontages
• Corner location
• Five individual titles
• Functional warehouse
• Excellent natural light
• Car parking for 2 cars
• Zoned Mixed use (MUZ)
• Currently leased (Demolition Clause)

For all enquiries and information and inspections please Contact Tim Bindley

Fitzroy Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $6631 $457 6.89%
Offices $6631 $320 4.83%
Industrial $10140 --- ---
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:

  • 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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