Property Description

Impressive Smith Street Freehold Investment

Fitzroys is delighted to offer 86 Smith Street, Collingwood for sale

Key attributes include:

• Located in the prime trading section of iconic Smith Street benefiting from strong evening trade
• Within one of Melbourne’s most sought after lifestyle and hospitality precincts
• Highly desirable inner city location which is benefiting from surging residential population plus booming commercial office market
• Outstanding, fully refurbished three storey building of 285sqm*, comprising ground floor eatery and bar, basement and separate fully appointed first floor office
• Includes onsite parking with rear access from Little Oxford Street
• Recently renewed leases to popular eatery Maha Bar & Restaurant operated by renowned chef and restaurateur Shane Delia
• Only 1km* north – east from Melbourne CBD
• Eclectic surrounds in proximity to high performing Coles, Woolworths, major Banks, Kathmandu, Bonds, Chemist Warehouse and many more

Ground Floor & Basement: - Lease Term: 5 x 5 x 5 years - Rental: $90,000 per annum net

First Floor Office: - Lease Term: 3 x 3 x 3 years - Rental: $34,000 per annum net

Total Income: $124,000 per annum plus outgoings and GST

86 Smith Street, Collingwood presents an outstanding opportunity to invest into one of Melbourne’s most tightly held precincts with the benefit of a strong lease profile and dynamic and growing residential and commercial catchment.

*approx.