Gross Waddell ICR is pleased to offer 361 St Georges Road, Fitzroy North for sale.

With a solid tenancy as well as an approved planning permit, this premises provides the ultimate flexibility allowing you the opportunity to invest or undertake the development.

INVESTMENT HIGHLIGHTS:

• Current Rental: $52,000* p.a. net
• Leased to Tomodachi Tattoo Studio (4.9 star rating on Google Reviews)
• Term of lease: Three (3) years (commenced 13 September, 2024)
• Option: Three (3) years
• Annual increases: 4% with a market review at the option
• Six (6) month bank guarantee

DEVELOPMENT HIGHLIGHTS:

• Multi storey mixed-use development
• Demolition clause already in effect
• Ground floor retail, three whole floor apartments & rooftop terrace
• Development details can be sent on request

361 St Georges Road, Fitzroy North is offered for private sale.

For further information or to arrange an inspection, please contact the agents Gross Waddell ICR.

*approx.