Sold

Attention $800K+ Buyers - Securely Leased Commercial Property Investment

  • Brand New 3-Year Lease
  • Ideal for Self-Managed Superfunds
  • 3 Car Parks on Title

DGi Properties & Stonebridge Property Group are pleased to present to the market 167 Fitzroy Street, St Kilda.

The asset has the following key investment features:

- Tenanted by Suzanne Lyttleton Lawyers, an established Melbourne based law firm specialising in Litigation, Property, Wills & Estates.
- Suzanne Lyttleton Lawyers have occupied the Fitzroy Street property for 6 years
- Boasting a recently renewed 3-year lease that is commencing on the 1st October 2023 that provides an annual rental income of $62,000* + GST
- The ‘set and forget’ investment is bolstered by a lease that includes favourable CPI increases.
- The well exposed frontage of approximately 16 metres* to Fitzroy Street and modern 144 sqm* office / retail space is set to provide significant tax depreciation offsets and has the rare added benefit of 3 secure car parks on title
- Property also includes a large separate store-room with shower facilities
- Strategically located office/retail space at the centre of Fitzroy Street, just 200 m* to Woolworths and directly opposite lakeside drive parklands and the famed Albert Park sporting grounds
- Positioned on arguably the most heavily trafficked pocket of Fitzroy Street just 10 metres* from the corner of Lakeside Drive and Fitzroy Street
- Tram stop at property door step

167 Fitzroy Street, St Kilda is offered for sale via Public on-site Auction Friday 18th August at 10:30am (AEST).
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

DGi Properties:

David Gargaro
0413 202 259

Tony Gargaro
0411 222 766


*Approximately

**NOTE: ALL EMAIL ENQUIRIES MUST CONTAIN A PHONE NUMBER**

3 144m2
Address 167 Fitzroy Street, St Kilda
Price SOLD
Property Type Commercial
Property ID 314
Commercial Listing Type Sale
Category Offices, Medical/Consulting, Retail
Land Area 144m2
Office Area 144m2
Total Area 144m2

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David Gargaro photo

David Gargaro

0413 202 259
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Tony Gargaro photo

Tony Gargaro

0411 222 766
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