Fitzroys is pleased to offer this rare two (2) storey freehold investment located at 257 Coventry Street, South Melbourne for sale.
The key attributes of this offering include:
- High profile freehold commanding a dominant position between South Melbourne Market and vibrant Clarendon Street retail precinct
- Renewed long term leases to two (2) established operators
- Rent: $140,120* per annum plus GST and outgoings (as of April 2023)
- Versatile building of 250sqm* with attractive north facing aspect
- Extensive frontage of 7.7 metres* to Coventry Street
- Land area: 166sqm* with side access via Union Street
- Favourable Commercial 1 Zoning (C1Z) with future value-add prospects (STPA)
- Convenient access to the CBD via tram/bus routes and major arterials
- Within walking distance to a host of attractions including Albert Park Lake, Melbourne Sports & Aquatic Centre, South Melbourne Central, Clarendon Centre, St Kilda Road and more
- Exciting opportunity to acquire a prime freehold investment in the thriving city fringe lifestyle precinct, surrounded by an abundance of national/local operators including all major banks, Coles, Woolworths, Bettys Burgers, Hectors Deli, Vintage Cellars, Grill’d, Hunky Dory, Panette Eatery, Nine Yards and more.
*Approx.
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257 Coventry Street, SOUTH MELBOURNE, VIC, 3205