Fitzroy Corner Investment with Rare 10 Year Net Lease to National Business
Stonebridge Property Group are pleased to present for sale Shop 4, 166 Gertrude Street, Fitzroy.
- Leased to Freedom Suites on a vendor favoured 10-year net lease with fixed 3% annual increases (excluding Oct 21).
- Freedom Suites is a national business originating out of Queensland, Fitzroy is the 9th venue and landmark Melbourne store.
- The well-appointed 290sqm* corner property has undergone significant investment/refurbishment, highlighting the tenants commitment to the Fitzroy area.
- George & Gertrude Street benefits from high levels of street exposure, natural light, multiple points of customer access and 2 on-title car parks.
- Located on iconic Gertrude Street, 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 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 4, 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: 244
Remember to mention you found this property on CommercialReady.com.au
