28-32 Spring StreetFitzroy VIC 3065
Property Details for 28-32 Spring St, Fitzroy
Last Listing description (September 2023)
Vision Real Estate are pleased to offer this rare opportunity to purchase a mixed use property offering a multitude of possibilities located in the heart of Fitzroy.
Located in one the hottest locations in inner city Melbourne, Spring Street, Fitzroy will appeal to Investors, Developers and Occupiers alike. Located close to Brunswick and Johnston Streets shopping and entertainment precinct and walking distance to trams and busses, this location is second to none and only minutes to the CBD.
The opportunities;
Develop this is the perfect development site with a demolition clause in the current lease, mixed use zoning, multiple titles and two street frontages;
Invest enjoy the income from the long established tenant;
Occupy - occupy the very functional and usable building at the end of the lease term.
Features include;
Land area: 183m2
Building area: 143m2
Two street frontages
Corner location
Five individual titles
Functional warehouse
Excellent natural light
Carparking for 2 cars
Zoned Mixed use (MUZ)
Currently leased (Demolition Clause)
For all enquiries and information and inspections please Contact Tim Bindley
Property History for 28-32 Spring St, Fitzroy, VIC 3065
- 01 Mar 2024Sold for $1,390,000
- 27 Jul 2023Listed for Sale Contact Tim Bindley
- 01 May 2007Transferred
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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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