592-596 Smith Street, Clifton Hill, VIC, 3068

Colliers are proud to present for sale 592-596 Smith Street, Clifton Hill For Sale.

This prominent corner land holding represents an opportunity to secure a trophy retail investment which benefits from rare dual arterial road exposure to both Alexandra Parade and Smith Street capturing the visibility of 75,000* vehicles daily.

Benefitting from a large captive retail catchment, the property of 538m^2* has been occupied by national retailer, PETstock, since 2014. The property is highly reversionary and therefore poses a unique opportunity to realise the rental uplift by renegotiating with the tenant or re-leasing to the current market rent.

Key asset highlights include:

• Single storey national retail investment, leased to national powerhouse, PETstock
• Highly reversionary asset currently leased at $120,000* per annum + GST
• Exceptional arterial roadside capturing the visibility of 75,000* vehicles daily   
• Short term income appealing to multiple purchasing profiles
• High profile corner site of 529m²* directly opposite the high-profile ‘Fitzroy Gasworks’ development
• Large captive retail catchment

Remember to mention you found this property on CommercialReady