209-211 Smith Street Fitzroy VIC 3065

Stonebridge Property Group is proud to present for sale 209-211 Smith Street, Fitzroy

The key highlights of the opportunity include:

- An expansive Fitzroy freehold leased by stalwarts of Melbourne's inner north Tait.

- Strategically located in the epicentre of Smith Streets retail mecca bookended by Coles & Woolworths supermarkets on the prominent corner of Condell Street.

- Tait. a national retail group founded in Abbotsford in 1992 that now boasts showrooms throughout NSW, QLD & VIC.

- Boasting unrivalled investment/future development fundamentals with 58m* of corner street frontage to Smith Street's strongest trading retail pocket and 815sqm* of underlying, favourably zoned land 'preferred height of 6 storeys^' (STCA)

- A versatile 874 sqm* double level building with premium retail shopfront/showroom exposure and level-one office space.

- With no further options from 2032 the property offers medium term flexibility to add-value or occupy.

- A market review in 2027 provides scope for significant rental growth (current rental rate is set at a low $361 per sqm).

- Providing annual income of $316,329 + GST + Outgoings (fixed 4% annual rental increases)

- Fitzroy/Collingwood is supported by a young, affluent and densely populated demographic - Median house price ($1,700,000) 85% above greater Melbourne, median household income ($2,162) 13.7% higher than greater Melbourne, per km2 population (7,256 residents) 14.5x higher than greater Melbourne.

209-211 Smith Street, Fitzroy is offered for sale via Expression of Interest closing Wednesday 19th March 2025 at 2PM (AEDT).

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

Nic Hage
0448 782 594

Ian Lam
0416 621 859

Rorey James
0439 400 081

*Approximately

Property Code: 1178