PRIME LOCATION, HIGH EXPOSURE, AND ESTABLISHED TENANT

Sold - 18-22 Johnson Street, Fitzroy

Investment opportunity, Industrial, Offices

Sale Details

Sold on 31 Jul 2024 for $2,550,000

Building Area 326m²
Rate $7,822 per m²
Yield: 2.82%

Overview

Sale History ID: 40793
Property ID: 20583
Advertised Price: $2,550,000

Description

POINT OF INTEREST:

Discover this high-visibility single-level warehouse in Fitzroy’s vibrant commercial precinct. Featuring a spacious high-clearance workshop with front and rear roller doors, along with a practical office/reception area, this property is perfectly suited for various business needs. With an established tenant already in place, you benefit from immediate rental income.This property not only offers excellent visibility and accessibility but also immerses you in a thriving neighborhood known for its dynamic atmosphere and premium surroundings. Ideal for businesses looking to capitalize on high foot traffic and a central location in one of Melbourne’s most energetic areas.

- Total land and building area of 326 sqm*
- Prime location with 11.71m frontage to Johnston Street
- Rear R.O.W access
- 50m* to Nicholson Street,
- 240m* to Brunswick Street
- 1-minute walk to Route 96 tram stop
- Surrounded by Melbourne’s best amenities, including hospitality, retail, and nightlife

POINT OF VIEW:
Unlock unparalleled visibility and vibrant surroundings with this prime Fitzroy warehouse, featuring high-clearance space and a top-tier tenant

*Approx.
Pricing excludes GST

Additional Info
Features
TenancyUltra Tune
Lease TermFive Years
Commenced01/01/2021
Rent Review3%
Outgoings PayablePayable by tenant as per lease
AvailabilitySubject to a lease
ConditionExcellent
FloorsConcrete in warehouse
Roller DoorsYes
ZoningCommercial 1 Zone
Outgoings
Agent Details
CVA Property Consultants - Charles Cini

Charles Cini

M | 0411 423 389
T | (03) 9623 2555
E | [email protected]