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51-55 Johnston Street, Fitzroy, VIC 3065
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Property Highlights

OCCUPY, VALUE-ADD OR FUTURE RE-DEVELOPMENT.

POINT OF INTEREST:

To say you’re in the mix would be an understatement. Situated between Brunswick and Nicholson streets, 51-55 Johnston Street is positioned in one of the city fringe’s most desirable, vibrant, and amenity-filled locations. The building itself offers three levels – combining for a gross building area of 1,292 sqm* - featuring both tenanted and vacant space. Income is derived from a long-term tenant that occupies the second floor, whilst the vacant ground and first floors offer a blank canvas ready for the purchaser to do as they please. Circling back to this point on the map, the site is just 725 m* to Alexandra Parade and the Eastern Freeway, 1.5 km* to Hoddle Street, and 2.1 km* to the CBD. A plethora of public transport options are on your doorstep – Johnston Street bus routes, Nicholson, and Brunswick Street tram routes and a short 1.5 km* to Parliament train station and the City Loop – but most importantly, it’s just 50 m* to Mile End Bagels.

-    1,292 sqm* gross building area.

-    453 sqm* land area.

-    Part let income (level 2) of $113,608.86 per annum gross.

-    Substantial rental upside for investors - potential income circa $350,000 per annum net.

-    Commercial 1 Zoning.

-    Secure ground floor parking and rear lane access.

-    725 m* to Alexandra Parade and the Eastern Freeway.

-    1.5 km* to Parliament station and the City Loop.

POINT OF VIEW:

The development criteria are all there – an A-grade city fringe location, dual street access, and favourable zoning for commercial or residential redevelopment. This exceptional Fitzroy offering is also certain to attract the attention of owner-occupiers and investors.. 

*Approx.

Pricing excludes GST

Remember to mention you found this property on DevelopmentReady

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