51 & 51A Smith Street Fitzroy, VIC 3065
RARE OPPORTUNITY – UNIQUE PROPERTY LOCATED AT THE CITY END OF TRENDY SMITH STREET
(FIRST TIME OFFERED IN 16 YEARS)
This carefully maintained 1920’s home and separate shop/office offers you the opportunity to work from or derive income from the retail space. This is your opportunity to be part of the renaissance of Smith Street. Smith Street and Gertrude Street offer a bewildering array of food, specialty retail, vintage finds, entertainment venues, a host of cafes, restaurants and edgy bars to suit every whim, yet located in the quiet part of Fitzroy and absolute City fringe.
Opportunities to purchase a shop and dwelling boasting separate access four bedrooms and off-street parking are scarce.
Residence features include –
• Four bedrooms
• Family kitchen
• Dining room or lounge
• Study over-looking Smith Street
• Renovated bathroom – designed and installed in the last 12 months
• New laundry
• Powder room downstairs
• Solar panels
• Original features include –
o Polished floor boards
o Open fire places
• Beautiful original staircase in perfect condition
• A rear garden which is an oasis allowing you to relax and unwind
The Smith Street frontage shop has been 100% occupied on a reasonable rental for the last 16 years. It has scope for modest rental increases on the current monthly lease. On the other hand, it can be purchased as “vacant possession” for potential owner occupiers.
This space boasts original polished timber floors, pressed metal ceilings and is self-contained.
One of the few residences & shops in Fitzroy to have access with a front door entrance to the residence separate from the shop.
• Building area: 214 sqm (approx.)
• Land Area: 262 sqm (approx.)
• Commercial 1 Zoning
The location is fantastic with easy access to the Fitzroy and Treasury Gardens, hospitals, MCG and universities.
Last but not least there is the potential to further develop (STPA)
The property extends all the way to Little Smith Street which provides easy access for two car spaces, yet you will probably leave your car at home due to the public transport options!
This is an exceptional opportunity and should not be missed!
For all property enquiries or to arrange an inspection, please contact exclusive Leasing Agent Nelson Alexander Commercial on 9419 5511.
Property ID: 503001478Last Updated: 6 Dec 2018