Shop 4, 166 Gertrude Street,
Fitzroy, VIC 3065
Other • Shops & Retail
Key property information
Floor area
Sold on
Stonebridge Property Group - Melbourne
Level 19, 627 Chapel StreetSOUTH YARRA, VIC 3141
Shop 4, 166 Gertrude Street
Fitzroy, VIC 3065
Map of Shop 4, 166 Gertrude Street
Fitzroy Corner Investment with Rare 10 Year Net Lease to National Business
- 10-Year Lease + Fixed Increase
- 700m* from the Melbourne CBD
- Strong Depreciation Benefits
Stonebridge Property Group are pleased to present for sale Shop 4, 166 Gertrude Street, Fitzroy.
- Leased to Freedom Suites on a vendor favoured 10-year net lease with fixed 3% annual increases (excluding Oct 21).
- Freedom Suites is a national business originating out of Queensland, Fitzroy is the 9th venue and landmark Melbourne store.
- The well-appointed 290sqm* corner property has undergone significant investment/refurbishment, highlighting the tenants commitment to the Fitzroy area.
- George & Gertrude Street benefits from high levels of street exposure, natural light, multiple points of customer access and 2 on-title car parks.
- Located on iconic Gertrude Street, just 700m* from the CBD and extremely well connected by public transport (tram) providing direct linkage to the CBD in under 7 minutes.
- High foot traffic position benefiting from massive amounts of surrounding amenity, notably the Melbourne medical precinct that includes St Vincent’s Hospital, St Vincent’s Institute of Medical Research, Centre for Eye Research Australia, The Royal Victorian Eye & Ear Hospital and The Bionics Institute.
- Surrounded by retail & hospitality excellence including Cutler & Co., Marion, Anada, Charcoal Lane, Archies All Day, Little Salon Messer & many more.
*Approx.
Shop 4, 166 Gertrude Street, Fitzroy has SOLD. For more details on the sale, please contact the exclusive selling agents Stonebridge Property Group.
Nic Hage
0448 782 5...
Rorey James
0439 400 0...
Kevin Tong
0422 848 8...
Property Code: 244
- Leased to Freedom Suites on a vendor favoured 10-year net lease with fixed 3% annual increases (excluding Oct 21).
- Freedom Suites is a national business originating out of Queensland, Fitzroy is the 9th venue and landmark Melbourne store.
- The well-appointed 290sqm* corner property has undergone significant investment/refurbishment, highlighting the tenants commitment to the Fitzroy area.
- George & Gertrude Street benefits from high levels of street exposure, natural light, multiple points of customer access and 2 on-title car parks.
- Located on iconic Gertrude Street, just 700m* from the CBD and extremely well connected by public transport (tram) providing direct linkage to the CBD in under 7 minutes.
- High foot traffic position benefiting from massive amounts of surrounding amenity, notably the Melbourne medical precinct that includes St Vincent’s Hospital, St Vincent’s Institute of Medical Research, Centre for Eye Research Australia, The Royal Victorian Eye & Ear Hospital and The Bionics Institute.
- Surrounded by retail & hospitality excellence including Cutler & Co., Marion, Anada, Charcoal Lane, Archies All Day, Little Salon Messer & many more.
*Approx.
Shop 4, 166 Gertrude Street, Fitzroy has SOLD. For more details on the sale, please contact the exclusive selling agents Stonebridge Property Group.
Nic Hage
0448 782 5...
Rorey James
0439 400 0...
Kevin Tong
0422 848 8...
Property Code: 244
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
Stonebridge Property Group - MelbourneLevel 19, 627 Chapel Street
SOUTH YARRA, VIC 3141
SOUTH YARRA, VIC 3141
More properties from Stonebridge Property Group - Melbourne
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
88 Greeves Street,Fitzroy, VIC 3065 502 m²Hotel, Motel & Leisure • Development Sites & Land • Other
Contact Agent
Kingsley, 9-11 Garden Avenue,East Melbourne, VIC 3002 272 m²Development Sites & Land • Hotel, Motel & Leisure • Other