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