397 Brunswick Street, Fitzroy, VIC, 3065

Nelson Alexander Commercial is delighted to offer For Sale via Expressions of Interest an outstanding investment opportunity, positioned on a prime corner in the heart of Fitzroy. Located on the corner of Brunswick Street and Leicester Street, this substantial double-storey property sits on a prominent landholding and offers incredible potential for investors, developers, and land bankers alike. Leased to renowned fashion brand ThreeByOne, a global denim label operating across Australia and New Zealand, the property benefits from a brand new 10-year lease (5+5), providing a secure and attractive rental return. The building features a stylish ground-floor retail space, modern office accommodation upstairs, and a generous rear garage. Its strategic corner position offers three street frontages and approximately 55 metres of total frontage, enhancing future development prospects (STCA). Set in one of Fitzroy’s most tightly held locations, this is a rare, “set and forget” investment in a blue-chip suburb with long-term capital growth potential. Opportunities of this calibre are seldom available – we strongly recommend your consideration of this exceptional offering.

Key Property Features:

• Versatile Commercial 1 (C1Z) Zoning

• Substantial landholding of approx. 352m²

• Expansive building area of approx. 632m²

• Newly secured 10-year lease (5+5 years)

• Quality tenant delivering a strong rental yield

• Premium corner position in Fitzroy

• Outstanding future development potential (STCA)

• High-performing, blue-chip investment asset

• Three street frontages totalling over 55 metres

• Ideal “set and forget” investment opportunity

• Stylish ground floor retail space plus modern upstairs office

• Convenient rear garage providing ample parking and storage

• A truly rare opportunity in a tightly held precinct

• High visibility with consistent foot traffic

• Strong local market fundamentals: Fitzroy median house price $1.7M (REA, April 2025)

• Exceptional investment in a prestigious inner-city location – inspection is a must

For all property enquiries or to arrange an inspection please contact exclusive selling agents Nelson Alexander Commercial.

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