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

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:
• Lease commencement: 13 September, 2024
• Current Rental: $52,000* p.a. net
• 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
• Ground floor retail of 89sqm*
• Three whole floor apartments (2 bdrm, 2 bthrm & balcony)
• Roof top terrace

361 St Georges Rd, Fitzroy North is offered for sale via Expressions of Interest closing Thursday 27th November at 2pm (AEDT).

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

*approx.