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51-55 Johnston Street, Fitzroy, VIC 3065
Fitzroy
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
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
51-55 Johnston Street, Fitzroy, VIC 3065
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
You can adjust the inputs below by tapping ‘Adjust Variable Inputs’.
Estimated Purchase Price:*
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
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Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
You can adjust the inputs below by tapping ‘Adjust Variable Inputs’.
Estimated Purchase Price:*
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
