Burgess Rawson and Gross Waddell ICR are pleased to offer to the market 261 Brunswick Street, Fitzroy VIC for sale via Public Onsite Auction.
This property has the following key investment highlights:
+ Prime city fringe two level freehold investment situated in the heart of Brunswick Street, one of Melbourne's most iconic retail and hospitality strips.
+ Renewed Three (3) year lease to 2027 plus two (2) further three (3) year options to 2033.
+ Olga de Polga: globally recognised fashion retailer with a proud history of more than 25 years. (1)
+ Proven retailer on-site 10+ years.
+ Investor preferred net lease terms with Olga De Polga responsible for all usual outgoings as per lease.
+ Rare, fixed 4% annual rent increases.
+ High Profile Brunswick Street position with 11,200+ passing vehicles daily. (2)
+ Prominent 127sqm* main road C1Z site with frontage to busy Brunswick Street and important ROW access at rear of building.
+ Central location with Coles, Woolworths (Fitzroy & Smith St), 7-Eleven, Chemist Warehouse, Westpac and Australia Post all within 800 metres*.
+ Fitzroy: booming inner metropolitan pocket situated only 1.1km* from Melbourne CBD, with population forecast to surge 61.74% by 2046. (3)
+ Rental income: $77,000 pa* + GST.
The property is to be sold via Public Auction held on-site at 12 pm AEST on Thursday 5th September 2024.
For further information or to organise a personal inspection, please contact the exclusive marketing and sales agents directly.
*approx.
Burgess Rawson
Zomart He | 0488 220 830
Sam Mercuri | 0413 830 709
Gross Waddell ICR
Glenn Ye | 0400 880 388
Andrew Greenway | 0409 547 626
1 Olga De Polga
2 GapMaps
3 forecast.id
