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592-596 Smith Street Clifton Hill, VIC 3068

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592-596 Smith Street Clifton Hill, VIC 3068

Shop & Retail • Showrooms & Bulky Goods • Other
Sold Price

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Land area

529.0m²

Floor area

460.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

27 Jun 2018

Ideal City Fringe Corner Investment

  • Occupied by National Retailer Petstock
  • New 5 + 5 Year Lease
  • Rare High Exposure Corner Investment

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 995 655

Nick Peden - 0402 011 266

Mark Stafford - 0404 401 053

Jesse Radisich - 0402 085 702

*Approx

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

Additional information

Property ID: 502833266Last Updated: 28 Aug 2018

592-596 Smith Street
Clifton Hill, VIC 3068

Agency contacts

Savills - Melbourne

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Savills - Melbourne

Level 48, 80 Collins Street
MELBOURNE, VIC 3000
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Jesse Radisich
Savills - Melbourne
592-596 Smith Street Clifton Hill, VIC 3068

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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