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  • 148 Scotchmer Street, FITZROY NORTH, VIC 3068

148 Scotchmer Street, Fitzroy North, VIC 3068

  • Floor Area:
    130sqm
    Land Area:
    134sqm
    • For Sale

      $1,100,000 - $1,200,000

      First-Rate Freehold in Flourishing Fitzroy North Village

      • Significant heritage freehold with rear frontage and loading access via Austin Way

      • Dependable, long-term lease to a thriving restaurant

      • Outstanding foot traffic in ultra-high-exposure Fitzroy North Village

      A first-class commercial prospect among one of the inner-north's most widely adored lifestyle strips, this substantial, low-maintenance freehold offers dependable, passive income with scope to repurpose down the line. Currently rented to a long-time Italian restaurant, lease details include:

      - $46,681.80 per annum ($3890.15 per calendar month)

      - Three years secured from 11/10/2023

      - A pair of three-year extension options, leased at increased amounts

      Noteworthy points include:

      - Land size: 134sqm approx. with rear frontage and loading access via Austin Way

      - Neighbourhood Residential Zone (NRZ)

      - Approx. 4km to Melbourne's bustling city centre

      - Multiple tram routes and Rushall Station ensuring quick access to the CBD and beyond

      - Placed among some of Melbourne's most popular cafés, restaurants, bars, and boutiques

      - Steps from picturesque Edinburgh Gardens and Merri Creek

      - Moments from Nicholson Street, Queens Parade, and additional inner-city lifestyle precincts

      - Further prosperity coming to the area with Piedimonte's imminent redevelopment

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      avatar Jayden Manno
      Jayden Manno
      Licensed Estate Agent

      Got a property to sell? Contact us for a free Request Appraisal

      Property Info:
      • Property ID: L26768862
      • Property Type:Retail
      • Building / Floor Area:130 sqm
      • Land Area:134 sqm
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