454-456 Nicholson Street,
Fitzroy North, VIC 3068

Endless possibilities with scope to occupy as residence.

Combined Building Area: 380 sqm approx.
Land Area: 359 sqm approx.

Ground Floor:
Licenced Restaurant/Burger Bar Leased to “That Burger Joint”
Floor Area: 190 sqm approx.
Lease: Five (5) Years commencing 10/01/2025
Rental: $40,170 per annum plus GST as at 10/01/2026
Increases: Yearly by 3%
Further Term: Five (5) Years
Outgoings are payable by tenant

1st Floor
Being offered with Vacant Possession
Separate Front & Rear Entrance
Floor Area: 190 sqm approx.
Previously leased to a commercial tenant (Wellness Centre)
Potential rental of $45,000 - $50,000 per annum approx.
Suitable to Occupy or Lease out or a mixture of both
Large Open Plan Area
4 Rooms/Bedrooms
Kitchen with Commercial Extraction Canopy
2 Bathrooms + powder room
Laminate Floor Coverings
Heating/Cooling

The property features:
Separate electricity metres
Solid Brick Construction
Concrete Slab flooring to both levels
Roller Door at Rear
Courtyard
Grease Trap
Exhaust Canopies
3 Phase Power
Zoned Neighbourhood Residential

Ground Floor Outgoings (payable by tenant):
Council Rates: $7,000 per annum
Water Rates: $700 per annum

1st Floor Outgoings
Council Rates: $1,400 per annum
Water Rates: $700 per annum