Share this property

realcommercial.com.au

592-596 Smith Street Clifton Hill, VIC 3068

Directions

592-596 Smith Street,
Clifton Hill, VIC 3068

Shops & Retail • Showrooms & Large Format Retail • Other

Price information

Sold

Contact Agent

Key property information

Land area

Floor area

Property extent

Tenure type

Sold on

Map of 592-596 Smith Street

Directions

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 6...
Benson Zhou - 0458 488 8...


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

Additional information

Property ID: 502833266Last Updated: 16 Jun 2021

realcommercial.com.au logo
592-596 Smith Street
Clifton Hill, VIC 3068
Savills - Melbourne
Level 29, South Tower, 80 Collins Street
MELBOURNE, VIC 3000

Make an enquiry

What's your enquiry about?

Enter your details

Similar properties

Other properties you might be interested in based on the location and property type you are looking at.