AFFORDABLE FREEHOLD IN PRIME VILLAGE LOCATION

Fitzroys is pleased to present a strategic city-fringe freehold investment at 342 Queens Parade, Fitzroy North for sale by Public Auction on Thursday 28th May at 1pm.

Key attributes include:

•  Recently renewed 3 + 3 year lease to Toorallie Australia
•  Returning $43,414* per annum plus GST
•  Tenant pays all usual outgoings
•  Toorallie is a successful Australian fashion brand operating for 35 years
•  Strategic landholding of 237sqm* with the benefit of two separate rear access points
•  Strong potential for future value add or redevelopment (STCA)
•  Perfectly presented, open plan, light filled building of 120sqm*
•  Onsite parking for multiple vehicles
•  Vibrant inner-north village precinct with a strong tenancy mix of longstanding local and national traders including Bendigo Bank, Cavallini Bakery, McCoppins Supermarket, Woolworths Supermarket, Birkenstock, Mountfords Shoes, Bakers Delight and many more
•  Location underpinned by a growing affluent catchment and surging residential values with median house price of $1.69 million which is up 13.8% year-on-year**
•  Rare affordable inner city opportunity only 2.7kms* from the CBD

For further information or an inspection, please contact Fitzroys selling agents Lewis Waddell or Chris Kombi.

*approx.
**realestate.com.au