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.

 For further information, or an inspection of the premises, please contact an agent.