Retail | Showrooms | Offices

Property ID: 408102

 

IRREPLACEABLE INNER CITY RETAIL INVESTMENT

173-175 Gertrude Street, Fitzroy, VIC 3065

Vinci Carbone & CRS Property are pleased to offer this outstanding freehold investment in a prime inner-city location. The property’s key attributes and preferred tenancy terms make it a very desirable investment that will be highly sought after.

The property comprises a two-level freehold building of retail space currently leased to 'About Space'. The property features a well fitted out showroom and retail space on the ground floor and Level 1 is used for office and storage space. 

Key features:

Impressive two level building of 740 sqm*
Leased to established tenant ‘About Space’ until 2026 plus options until 2036
Returning $124,110 pa* plus outgoings
Over 370 sqm of Commercial 1 and Neighbourhood Residential (rear portion) zoned land with rear ROW
9 metre* frontage to Gertrude Street
Located amongst high profile neighbours

The property benefits from a high amount of daily exposure from vehicle and pedestrian foot traffic whilst being extremely well serviced by public transport.

Fitzroy has become a highly sought-after location due to its many unique retail stores and lifestyle attracting many people wanting to live in Fitzroy.

*approx 

Sold

$4,000,000

Zach Molinaro

Joseph Carbone