Sold
Fitzroy Corner Investment with Rare 10 Year Net Lease to National Business
Shop 4, 166 Gertrude Street, Fitzroy VIC

Stonebridge Property Group are pleased to present for sale Shop 4, 166 Gertrude Street, Fitzroy.

  • Leased to an established national retailer on a vendor favoured 10-year net lease with fixed 3% annual increases (excluding Oct 21)
  • The growing national business originated out of Queensland and has 9 Australian stores with Fitzroy being their landmark Melbourne venue – further tenant details can be provided upon request.
  • The well-appointed 290sqm* corner property has undergone significant investment/refurbishment, highlighting the tenants commitment to the Fitzroy area
  • George & Gertrude Street benefits from high levels of street exposure, natural light, multiple points of customer access and 2 on-title car parks
  • Located on iconic Gertrude Street, just 700m* from the CBD and extremely well connected by public transport (tram) providing direct linkage to the CBD in under 7 minutes
  • High foot traffic position benefiting from massive amounts of surrounding amenity, notably the Melbourne medical precinct that includes St Vincent’s Hospital, St Vincent’s Institute of Medical Research, Centre for Eye Research Australia, The Royal Victorian Eye & Ear Hospital and The Bionics Institute
  • Surrounded by retail & hospitality excellence including Cutler & Co., Marion, Anada, Charcoal Lane, Archies All Day, Little Salon Messer & many more

*Approximate

 

Shop 4, 166 Gertrude Street, Fitzroy is for sale via Public Onsite Auction Friday 21st May 2021 at 12.30pm (AEST).

To obtain further information or to arrange an inspection, please contact the exclusive selling agents Stonebridge Property Group.

 

This property is being sold together with Shop 1 via consecutive individual onsite auctions.

https://stonebridge.com.au/listing/fitzroy-corner-investment-with-rare-10-year-net-lease-to-national-business/

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