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

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

*approx.