FOR SALE
$1,100,000 - $1,200,000

148 Scotchmer Street
Fitzroy North VIC 3068

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 130m2
Land area: 134m2
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First-Rate Freehold in Flourishing Fitzroy North Village

• Significant heritage freehold with rear frontage and loading access via Austin Way
• Dependable, long-term lease to a thriving restaurant
• Outstanding foot traffic in ultra-high-exposure Fitzroy North Village
A first-class commercial prospect among one of the inner-north's most widely adored lifestyle strips, this substantial, low-maintenance freehold offers dependable, passive income with scope to repurpose down the line. Currently rented to a long-time Italian restaurant, lease details include:
- $46,681.80 per annum ($3890.15 per calendar month)
- Three years secured from 11/10/2023
- A pair of three-year extension options, leased at increased amounts
Noteworthy points include:
- Land size: 134sqm approx. with rear frontage and loading access via Austin Way
- Neighbourhood Residential Zone (NRZ)
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Property Details for 148 Scotchmer St, Fitzroy North

Building Type
Commercial
Floor Size
130m2
Land Size
134m2

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About Fitzroy North 3068

The size of Fitzroy North is approximately 2.5 square kilometres. It has 16 parks covering nearly 16.2% of total area. The population of Fitzroy North in 2011 was 11,473 people. By 2016 the population was 12,335 showing a population growth of 7.5% in the area during that time. The predominant age group in Fitzroy North is 30-39 years. Households in Fitzroy North are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fitzroy North work in a professional occupation. In 2011, 47.7% of the homes in Fitzroy North were owner-occupied compared with 45.9% in 2016.

Fitzroy North has 7,624 properties. Over the last 5 years, Houses in Fitzroy North have seen a 14.20% increase in median value, while Units have seen a 4.99% increase. As at 30 September 2024:

  • The median value for Houses in Fitzroy North is $1,641,843 while the median value for Units is $740,919.
  • Houses have a median rent of $800 while Units have a median rent of $585.
There are currently 21 properties listed for sale, and 13 properties listed for rent in Fitzroy north on OnTheHouse. According to CoreLogic's data, 259 properties were sold in the past 12 months in Fitzroy north.

Suburb Insights for Fitzroy North 3068

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Jayden Manno
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Raine & Horne Gisborne
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.