Savills is delighted to offer for sale this prime freehold retail building located at 592-596 Smith Street, Clifton Hill in a highly sought after position on the corner of Smith Street and Alexandra Parade. This property represents a fantastic opportunity to acquire a prominent asset leased to a secure tenant in the blue-chip city fringe suburb of Clifton Hill.

The key attributes of this fantastic property include:

• Prime corner retail freehold
• Valuable corner landholding of 529sq m*
• Two street frontages of almost 50 metres* plus rear laneway access
• Commercial 2 Zoning
• New 5 + 5 year lease from November 2017
• Current net rental of $126,531 pa*
• Occupied by Petstock with over 155 locations across Australia
• High exposure location with over 74,000 vehicles passing daily^

Given the record low interest rate environment, secure retail investments with quality tenants and fixed, built-in rental growth in established and highly sought after retail locations are in short supply and accordingly we highly recommend your consideration of this high profile retail investment.

592-596 Smith Street, Clifton Hill is For Sale by Public Auction Wednesday 27 June at 12 noon on-site.

Julian Heatherich - 0412 995 6...
Benson Zhou - 0458 488 8...


*Approx
^ https://vicroadsopendata-vicroadsmaps.opendata.arcgis.com/datasets/traffic-volume