Gross Waddell ICR is pleased to offer for sale 262-266 Nicholson Street, Fitzroy, a prime triple street fronted landbank investment. Securely leased to a long-standing tenant, the property offers unbeatable exposure and a combined street frontage of 70 m* and is located within the heart of Melbourne's coolest neighbourhood.
Substantial corner landholding of 451 sqm* with triple street frontage to Nicholson Street, Henry Street and Argyle Street
Securely leased to City Hand Carwash and Café on a recently renewed lease
5-year lease from 12th February 2025 with no further options
Substantial income profile returning $98,538 net per annum*
Blended zoning of C2Z and MUZ providing inherent development or reposition outcomes post lease expiry
Exceptional city fringe location in Melbourne's trendy inner suburb of Fitzroy, merely 2.6 km* from the Melbourne CBD
Within immediate proximity to thriving retail precincts including Brunswick Street (190 m*), Lygon Street 665 m*), Smith Street (805 m*) and Gertrude Street (920 m*)
Fitzroy has been noted as the world's coolest neighbourhood, full eclectic bars and restaurants which are popular with students, weekenders and young professionals
Perfect connectivity with tram route directly out front and easy drive into the CBD via Nicholson Street
The property is for sale via an Expression of Interest campaign closing at 3:00 pm on Thursday the 17th of October 2024. For further information or to discuss this investment opportunity further, please contact the team at Gross Waddell ICR directly.
*approx.
