Savills have the exclusive privilege of offering for sale this landmark Fitzroy corner freehold, underpinned by secure income and offering outstanding future development potential.
Key details of the opportunity include:
- A corner 2-level retail/office building of 1,325sqm*
- Fully leased to Nelson Alexander and Great Dane Furniture
- Set on a valuable corner landholding of 903sqm* plus R.O.W access to Argyle Street
- Commercial 1 Zone within DDO36 allowing a building height of 10+ levels*
- Current net passing income of $445,646 per annum*
- Directly opposite two major approved projects comprising a total of 445 apartments* over 11 levels, which will dramatically increase demand for complimentary retail spaces in the area
- Ideally located between Brunswick Street and Smith Street retail strips
- Unique opportunity to occupy the prime ground floor retail space
- The ultimate investment in Melbourne’s most sought-after lifestyle location
*Approx.
For Sale by Expressions of Interest closing on Wednesday 12 August at 2pm
Remember to mention you found this property on CommercialReady
Savills have the exclusive privilege of offering for sale this landmark Fitzroy corner freehold, underpinned by secure income and offering outstanding future development potential.
Key details of the opportunity include:
- A corner 2-level retail/office building of 1,325sqm*
- Fully leased to Nelson Alexander and Great Dane Furniture
- Set on a valuable corner landholding of 903sqm* plus R.O.W access to Argyle Street
- Commercial 1 Zone within DDO36 allowing a building height of 10+ levels*
- Current net passing income of $445,646 per annum*
- Directly opposite two major approved projects comprising a total of 445 apartments* over 11 levels, which will dramatically increase demand for complimentary retail spaces in the area
- Ideally located between Brunswick Street and Smith Street retail strips
- Unique opportunity to occupy the prime ground floor retail space
- The ultimate investment in Melbourne’s most sought-after lifestyle location
*Approx.
For Sale by Expressions of Interest closing on Wednesday 12 August at 2pm
Remember to mention you found this property on CommercialReady
175-179 Johnston Street, Fitzroy, VIC, 3065
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