The Smith & Leicester Holdings, 411 - 421 Smith Street,
Fitzroy, VIC 3065
Shops & Retail • Development Sites & Land
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Map of The Smith & Leicester Holdings, 411 - 421 Smith Street
THE TRIPLE THREAT
"The Investment"... "The Development"... "The Consolidation"... These are the name we've given to the three offerings, in the iconic Smith & Leicester Street Holdings.
They can be sold individually or together – either option is at your full discretion.
"The Investment" - The Smith Street Holding
An exceptionally well renovated, two storey tenanted investment with ground floor retail shops and a first floor office. There are two tenants (Kathmandu & Bellroy). The current leases expire March 2022 allowing for a future development, or the flexibility of negotiating longer leases, without the restrictions of a market review.
Site 790m2* - Building 1,490m2*
Current income circa $580,000PA + Outgoings + GST
"The Development" - The Leicester Street Holding
A highly sought after & rare, Fitzroy development site. Currently leased as car parking, however the leases have development clauses that can be exercised immediately.
Site 1,030m2* - Building 976m2*
"The Consolidation" - The Smith & Leicester Street Holdings
A combination of both offerings, providing a unique and substantial Fitzroy holding, with secure income and immense development potential.
The rear can be developed immediately, or the whole site can be developed in circa four years.
The site can be land banked “as is” – capitalising on Fitzroy’s prolific land appreciation. Alternatively, you can still hold and add value today, by undertaking a commercial or residential development at the rear, holding the site, and capitalise on the land appreciation, while collecting substantial rents.
Site 1,820m2* - Building 2,468m2*
Current income circa $580,000PA + Outgoings + GST
For Sale By Negotiation.
Please Contact Agent For Further Details.
*Approx.
They can be sold individually or together – either option is at your full discretion.
"The Investment" - The Smith Street Holding
An exceptionally well renovated, two storey tenanted investment with ground floor retail shops and a first floor office. There are two tenants (Kathmandu & Bellroy). The current leases expire March 2022 allowing for a future development, or the flexibility of negotiating longer leases, without the restrictions of a market review.
Site 790m2* - Building 1,490m2*
Current income circa $580,000PA + Outgoings + GST
"The Development" - The Leicester Street Holding
A highly sought after & rare, Fitzroy development site. Currently leased as car parking, however the leases have development clauses that can be exercised immediately.
Site 1,030m2* - Building 976m2*
"The Consolidation" - The Smith & Leicester Street Holdings
A combination of both offerings, providing a unique and substantial Fitzroy holding, with secure income and immense development potential.
The rear can be developed immediately, or the whole site can be developed in circa four years.
The site can be land banked “as is” – capitalising on Fitzroy’s prolific land appreciation. Alternatively, you can still hold and add value today, by undertaking a commercial or residential development at the rear, holding the site, and capitalise on the land appreciation, while collecting substantial rents.
Site 1,820m2* - Building 2,468m2*
Current income circa $580,000PA + Outgoings + GST
For Sale By Negotiation.
Please Contact Agent For Further Details.
*Approx.
Fitzroy, 3065 demographic data
The median household income for Fitzroy is $2,194, 15% higher than Greater Melbourne's household income of $1,901. Fitzroy has a younger age profile compared to the rest of Greater Melbourne (median age 35 vs 37). Property ownership data shows 51% of property owners in Fitzroy have a mortgage.
10,431
Population
$2,194 per week
Median household income
35 years
Median age
Renters
Most residents
Families
Most households
04388085...
The Smith & Leicester Holdings, 411 - 421 Smith Street
Fitzroy, VIC 3065
TCI - Richmond463 Bridge Road
RICHMOND, VIC 3121
RICHMOND, VIC 3121
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