FULLY LEASED INVESTMENT IN FITZROY'S HEART OF HEARTS.
$2,000,000-$2,200,000
The solid bluestone bones of this Circa 1870 Fitzroy icon can now be part of your investment portfolio.
Securely leased to Palay restaurant with an annual rental income of $125,000 +4% increase p.a.. Recently refurbished internally with generous open plan / private dining areas and exceptional kitchens. Secure long-term lease with options and rental reviews.
Elevated on the northwest hill, you're positioned within Fitzroy and Collingwood's golden restaurant, retail and residential mix. Smith Street to the east, Johnston Street to the North, Brunswick Street to the west, and Gertrude Street to the south. Home to many iconic establishments.
- Leased to Palay Restaurant.
- $125,000 rental income per annum.
- Secure long term lease and rental reviews.
- 275 sqm* total building area.
- 209 sqm* total land area.
- Expansive frontage of 13.79 metres*.
- Commercial 1 zoning.
- Heritage and symbolic icon Circa 1870.
- 30 m* from Smith Street anchored by the very first Coles Store.
- 150 m* from Johnston Street.
*Approx.
Pricing excludes GST
Corene Chan
Director
