ICONIC FITZROY VALUE ADD FREESTANDING INVESTMENT

276-294 Brunswick Street, Fitzroy, Victoria 3065

Land / Retail For Sale

Expressions of Interest. EOI Date 25 Oct 2018
Land Area: 1,045.00 m2.    Floor Area: 2,707.00 m2.    

Description

Colliers International and CBRE are pleased to offer a landmark value-add building in the heart of the world-renowned Brunswick Street shopping precinct. The property is offered for sale through an Expressions of Interest campaign closing on Thursday 25th October at 3pm.

This is an outstanding and rare opportunity to add value to an already super-prime and iconic freehold building.

Key investment highlights are as follows:
A triple street fronted corner investment positioned in the heart of the bustling and vibrant culinary capital of Australia, Fitzroy

Freestanding three level building of 2,707 sqm* including 6 ground floor retail shops leased to quality tenants such as Bank Australia, Riot Art & Craft and the popular Stagger Lee’s Café

Strategic 1,045 sqm* land holding with substantial 38m* frontage to Brunswick Street, 27m* frontage to Victoria Street plus rear lane access

Current annual income of $573,945* with major scope to improve, particularly regarding level 1 & 2 office space, currently leased for only $79 per sqm*

All of this within a 7 day a week, day and night trading activity precinct that is heavily driven by tourism together with a young and affluent surrounding population

Commercial 1 zoned land ensures endless long-term development opportunities (STCA)

Colliers International and CBRE strongly recommends this opportunity for your serious consideration.

Colliers International

Oliver Hay
0419 528 540

Matt Stagg
0409 411 300

Ted Dwyer
0411 312 165

CBRE

Mark Wizel
0411 694 756

Rorey James
0439 400 081

Julian White
0422 764 137

Kevin Tong
0422 848 818

Features

  • Prime corner frontage of 65m*
  • 100% leased to 7 quality tenants
  • Significant scope to add value

Specifications

Zoning Commercial 1
Car Parking Details 0

Map

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