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244-246 St Georges Road
FITZROY NORTH, VIC 3068

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Property Description

Potential Plus In Prized Location

  • Highly versatile freehold located in the heart of one of Melbourne’s most tightly held precincts
  • Impressive 2 storey building of 425sqm* comprising ground floor restaurant, first floor dwelling, cellar plus separate warehouse area
  • “L” shaped site of 245sqm
  • Rare dual street frontage to St Georges Rd and Austin Way
  • 3 year lease to “Panna Thai” restaurant
  • Returning $64,233 per annum plus GST
  • Genuine value add / further development opportunity (stca)
  • Positioned within the prime trading section of the popular Fitzroy North Village near the corner of Scotchmer Street
  • Dynamic and highly sought after retail and hospitality precinct only 4km* north of the CBD
  • Directly opposite local institution, Piedimonte's Supermarket
  • Metres from public transport amenities and the spectacular Edinburgh Gardens
  • The Immediate area is set to benefit further from the redevelopment of the Piedimonte site, which will include a full line 4,099sqm* supermarket and over 60 apartments

*approx.

ZoneCommercial 1
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Consultant

Chris Kombi

M: 0438 156 236
E: kombic@fitzroys.com.au

Ervin Niyaz

M: 0404 808 327
E: niyaze@fitzroys.com.au

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Property Information

Property ID
131017

Price
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Building
425m2

Land
245m2