SOLD
Sold on 16 Nov 2023 for $4,000,000

173-175 Gertrude Street
Fitzroy VIC 3065

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 2m2
Land area: 383m2
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Vinci Carbone Property
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Property Details for 173-175 Gertrude St, Fitzroy

Building Type
Commercial
Floor Size
2m2
Land Size
383m2
Local Government
Yarra
Lot/Plan
1/TP696515

Last Listing description (October 2022)

Vinci Carbone & CRS Property are pleased to offer this outstanding freehold investment in a prime inner-city location. The propertys key attributes and preferred tenancy terms make it a very desirable investment that will be highly sought after.

The property comprises a two-level freehold building of retail space currently leased to 'About Space'. The property features a well fitted out showroom and retail space on the ground floor and Level 1 is used for office and storage space.


Key features:

Impressive two level building of 740sqm*
Leased to established tenant About Space until 2026 plus options until 2036
Returning $124,110 pa* plus outgoings
Over 370sqm of Commercial 1 and Neighbourhood Residential (rear portion) zoned land with rear ROW
9 metre* frontage to Gertrude Street
Located amongst high profile neighbours

The property benefits from a high amount of daily exposure from vehicle and pedestrian foot traffic whilst being extremely well serviced by public transport.

Fitzroy has become a highly sought-after location due to its many unique retail stores and lifestyle attracting many people wanting to live in Fitzroy.

*approx

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Property History for 173-175 Gertrude St, Fitzroy, VIC 3065

A timeline of how this property has performed in the market
Last Sold
$4,000,000
16 Nov 2023
Listed for Rent
$550/w
15 Jul 2009
  • 16 Nov 2023
    Sold for $4,000,000
  • 01 Mar 2022
    Listed for Sale Contact Agent
  • 25 Apr 2009
    Listed for Rent - Price not available
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About Fitzroy 3065

The size of Fitzroy is approximately 1.4 square kilometres. It has 8 parks covering nearly 2.7% of total area. The population of Fitzroy in 2011 was 9,431 people. By 2016 the population was 10,439 showing a population growth of 10.7% in the area during that time. The predominant age group in Fitzroy is 20-29 years. Households in Fitzroy are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fitzroy work in a professional occupation. In 2011, 36.5% of the homes in Fitzroy were owner-occupied compared with 34.5% in 2016.

Fitzroy has 8,586 properties. Over the last 5 years, Houses in Fitzroy have seen a 12.76% increase in median value, while Units have seen a -9.72% decrease. As at 31 October 2024:

  • The median value for Houses in Fitzroy is $1,637,909 while the median value for Units is $757,403.
  • Houses have a median rent of $800 while Units have a median rent of $650.
There are currently 26 properties listed for sale, and 6 properties listed for rent in Fitzroy on OnTheHouse. According to CoreLogic's data, 273 properties were sold in the past 12 months in Fitzroy.

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