Gross Waddell ICR is pleased to present for sale 175–179 Johnston Street, Fitzroy. Positioned on a commanding corner in the heart of Fitzroy, 175–179 Johnston Street presents an exceptional city-fringe investment opportunity, combining strong holding income with considerable future value-add or development potential (STCA).

Key Property Highlights:

• Prime 903 sqm* corner landholding with extensive 47 m* dual street frontage

• Securely leased to two high-calibre tenants including Great Dane Furniture and Nelson Alexander

• Substantial income profile generating $445,647* net per annum (excluding land tax)

• Extensive two-level freehold building of 1,345 sqm* boasting high quality fit-outs

• Benefiting from 11 secure on-site car parks and rear R.O.W.

• Commercial 1 Zone (C1Z) providing exceptional flexibility for future uses or development (STCA)

• Surrounded by numerous developments and applications reaching up to 11 levels (STCA)

• Located within one of Melbourne’s most trendy and in-demand precincts, being metres to both Smith Street and Brunswick Street retail destinations

175–179 Johnston Street, Fitzroy offers an ideal landbank investment with considerable development potential (STCA).

The property is for sale via an Expressions of Interest campaign closing at 3:00 pm on Thursday 16 April 2026. For further information or to organise an inspection, please contact the team at Gross Waddell ICR directly.

*approx.