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592-596 Smith Street, Clifton Hill, VIC, 3068

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Properties / Buy / Victoria / Clifton Hill

Tenanted Investment

1. Property Summary

Selling Method

Expression of Interest

Selling Details

Closing Wednesday 23rd August 2023 at 2pm

Land Area

529 m² (*approx)

Floor Area

538 m² (*approx)

Property Type

Retail

Est. Income

$120,000 p/a

Fully Leased

PETstock

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2. Property Highlights

Trophy Retail Investment with Future Development Upside

Leased to National powerhouse, PETstock
Returning $120,000* per annum + GST
High profile corner site of 529m²*

Colliers are proud to present for sale 592-596 Smith Street, Clifton Hill For Sale.

This prominent corner land holding represents an opportunity to secure a trophy retail investment which benefits from rare dual arterial road exposure to both Alexandra Parade and Smith Street capturing the visibility of 75,000* vehicles daily.

Benefitting from a large captive retail catchment, the property of 538m^2* has been occupied by national retailer, PETstock, since 2014. The property is highly reversionary and therefore poses a unique opportunity to realise the rental uplift by renegotiating with the tenant or re-leasing to the current market rent.

Key asset highlights include:

Single storey national retail investment, leased to national powerhouse, PETstock
Highly reversionary asset currently leased at $120,000* per annum + GST
Exceptional arterial roadside capturing the visibility of 75,000* vehicles daily
Short term income appealing to multiple purchasing profiles
High profile corner site of 529m²* directly opposite the high-profile ‘Fitzroy Gasworks’ development
Large captive retail catchment

Remember to mention you found this property on CommercialReady

Tenanted Investment

1. Property Summary

Property Type

Retail

Est. Income

$120,000 p/a

Tenant

PETstock

Land Area

529 m² (*approx)

Floor Area

538 m² (*approx)

Selling Method

Expression of Interest

Selling Details

Closing Wednesday 23rd August 2023 at 2pm

2. Property Highlights

Trophy Retail Investment with Future Development Upside

Leased to National powerhouse, PETstock
Returning $120,000* per annum + GST
High profile corner site of 529m²*

Colliers are proud to present for sale 592-596 Smith Street, Clifton Hill For Sale.

Key asset highlights include:

Single storey national retail investment, leased to national powerhouse, PETstock
Highly reversionary asset currently leased at $120,000* per annum + GST
Exceptional arterial roadside capturing the visibility of 75,000* vehicles daily
Short term income appealing to multiple purchasing profiles
High profile corner site of 529m²* directly opposite the high-profile ‘Fitzroy Gasworks’ development
Large captive retail catchment

Remember to mention you found this property on CommercialReady

Tenanted Investment