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786-794 Nicholson Street
Fitzroy North VIC 3068
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Sold on 16 Mar 2023

786-794 Nicholson Street Fitzroy North VIC 3068

  • Shop & Retail
  • 213 m²
  • Sold

Flexibility in Fitzroy North

POINT OF INTEREST:
Make your mark on Melbourne's Inner North with this triple-fronted landholding of 1,022sqm*.

Offered to the market after being held by the current owners for in excess of 40 years, 786-794 Nicholson Street presents the perfect opportunity to secure one of Fitzroy North's last remaining prominent corner development sites. Commercial 1 Zoning, low site coverage, and a combined street frontage of over 92 metres tick all of the boxes for future development, whilst you can rely on the rental income of $95,529.79pa from the long-standing tenant to see you through any design & planning process in the short to medium term. Situated within the eclectic northern city fringe - which is home to some of Melbourne's most desirable and liveable suburbs - this site truly is one for now and also the future. Public transport is on your doorstep with the Route 96 tram, whilst both Clifton Hill and Jewell train stations are within 2km. Whether you choose to develop, continue to hold as an investment, or possibly even occupy in the future, you'll be well placed for any outcome with 786-794 Nicholson Street, Fitzroy North in your portfolio. 

- Prominent corner land holding 1,022m2* 
- Combined frontage of 92.5m* to Nicholson Street, Liverpool Street and Railway Lane
- Potential for landmark mixed-use/residential development
- Highly sought after Commercial 1 Zone
- Immediate access to #96 Route Tram
- 3km* to Melbourne CBD, Melbourne University and ACU
- 3km* to the world renowned medical and hospital amenity including Royal Melbourne, Royal Children's & St Vincent's

Tenancy particulars:
- Star CWD Pty Ltd trading as Star Car Wash
- $95,529 per annum plus GST plus outgoings (excluding land tax)
- Three (3) Year lease commenced 01 June 2020 
- Two (2) further terms of Three (3) Years each
- Annual increases to CPI, market review at options

POINT OF VIEW:
Steady income and fantastic scope for future development underpin the value of this site. It's up to you to decide what direction to head in next!

*Approx.
Pricing excludes GST

CVA Property Consultants Pty Ltd
CVA Property Consultants Pty Ltd
18-20 Russell Street
Melbourne, VIC 3000

Property Highlights

Date Sold16 Mar 2023
Floor Area213 m²
Land Area1,022 m²
ParkingAsk Agent
Property ID2018176691
Category
Last updated  27 Apr 2023
Map for 786-794 Nicholson Street Fitzroy North VIC 3068

Nearest transport* to 786-794 Nicholson Street Fitzroy North VIC 3068

Bus
Train
Tram
Ferry
Nicholson St/Holden St (Fitzroy North)197 m
Nicholson St/Holden St (Fitzroy North)206 m
Truscott St/Brunswick Rd (Brunswick East)343 m
Park St/Amess St (Carlton North)352 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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CVA Property Consultants Pty Ltd
CVA Property Consultants Pty Ltd
18-20 Russell Street
Melbourne, VIC 3000

Property Highlights

Date Sold16 Mar 2023
Floor Area213 m²
Land Area1,022 m²
ParkingAsk Agent
Property ID2018176691
Category
Last updated  27 Apr 2023

Listed by

Ian Angelico
Ian Angelico
CVA Property Consultants Pty Ltd
Call
0418336088

More about 786-794 Nicholson Street Fitzroy North VIC 3068

786-794 Nicholson Street Fitzroy North VIC 3068 is categorized as Shop & Retail Property. It has a floor area of 213 m² and a land area of 1,022 m². The listing ID for this property is 2018176691.

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