Property Type
Retail
Retail
Building Area
285m2
285m2
Zoning
Commercial 1
Commercial 1
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.
Consultant
Ervin Niyaz
M: 0404 808 327
E: niyaze@fitzroys.com.au
David Bourke
M: 0407 705 755
E: bourked@fitzroys.com.au
Property Type
Retail
Retail
Building Area
285m2
285m2
Zoning
Commercial 1
Commercial 1