City Fringe Investment Leased by Experienced & Highly Rated Operator on Renewed 5 Year Lease.
Stonebridge Property Group are pleased to present for sale Shop 1, 166 Gertrude Street, Fitzroy.
- Recently renewed 5-year net lease to prominent hospitality operators who have experience at some of Melbourne’s most well-known venues - Attica, The Press Club, Vue de Monde & St Ali
- Calēre Coffee & Gaea Dining is a strategic 2-in-1 tenant that covers morning and evening trade through a café/ restaurant dual business strategy – Calēre Coffee also runs an online platform offering take away food and delicatessen produce
- Currently providing annual income of $97,350* + GST + Outgoings with vendor favoured fixed 4% rental increases
- Prime 111sqm* premises with on-title car park, rear access and common property amenity (bathroom facilities), ensuring no retail space is wasted and customers are not disturbed during trading hours
- Located on the affluent Gertrude Street, Fitzroy retail strip just 700m* from the CBD and extremely well connected by public transport (tram) providing direct linkage to the CBD in under 7 minutes
- High foot traffic position benefiting from direct access to massive amounts of surrounding amenity, notably the Melbourne medical precinct that includes St Vincent’s Hospital, St Vincent’s Institute of Medical Research, Centre for Eye Research Australia, The Royal Victorian Eye & Ear Hospital and The Bionics Institute
- Surrounded by retail & hospitality excellence including Cutler & Co., Marion, Anada, Charcoal Lane, Archies All Day, Little Salon Messer & many more
*Approx.
Shop 1, 166 Gertrude Street, Fitzroy has SOLD. For more details on the sale, please contact the exclusive selling agents Stonebridge Property Group.
Nic Hage
0448 782 594
Rorey James
0439 400 081
Kevin Tong
0422 848 818
Property Code: 245
Remember to mention you found this property on CommercialReady.com.au
