258 Brunswick StreetFitzroy VIC 3065
Property Details for 258 Brunswick St, Fitzroy
Last Listing description (November 2022)
Strategically positioned in one of Brunswick Street's most coveted enclaves, this bold and spacious retail investment is centrally located on arguably the best part of Brunswick Street.
The key attributes of this property include:
- Spacious prime retail property with a wide (5.9m) frontage to Brunswick Street
- Land Area: 162 sqm approx.
- 5-year lease from 10th August 2021 with no further options
- Secure Tenant with strong retail experience and online presence
- Strong holding income of $70,800* net pa. on a 5-year lease (commenced Aug-2021)
- Fixed annual 2.5% rental increases
- Iconic retail tenant: Vintage Sole who have a strong brand presence in Melbourne
- Rear access roller door via laneway
- Fantastic exposure to the street & passing traffic
- Unrivalled opportunity in Fitzroy's most vibrant and sought-after retail precinct
- Commercial 1 Zone
Please be in touch with Benjamin Klein 0433 047 000 or Graham Hicks 0423 009 900 for a private inspection
Property History for 258 Brunswick St, Fitzroy, VIC 3065
- 22 Apr 2024Sold for $2,300,000
- 05 Nov 2021Sold for $1,875,000
- 30 Sep 2021Listed for Sale Price Indication - Contact Agent
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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 8,649 properties. Over the last 5 years, Houses in Fitzroy have seen a 35.96% increase in median value, while Units have seen a -2.62% decrease. As at 31 August 2024:
- The median value for Houses in Fitzroy is $1,738,527 while the median value for Units is $758,587.
- Houses have a median rent of $850 while Units have a median rent of $635.
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