The Smith & Leicester Holdings Fitzroy

Sale

THE TRIPLE THREAT

“The Investment”… “The Development”… “The Consolidation”… These are the names we’ve given to the three offerings, in the iconic Smith & Leicester Street Holdings.

They can be sold individually or together – either option is at your full discretion.

“The Investment” – The Smith Street Holding
An exceptionally well renovated, two storey tenanted investment with ground floor retail shops and a first floor office. There are two tenants (Kathmandu & Bellroy). The current leases expire March 2022 allowing for a future development, or the flexibility of negotiating longer leases, without the restrictions of a market review.

Site 790m2* – Building 1,490m2*
Current income circa $580,000PA + Outgoings + GST

“The Development” – The Leicester Street Holding
A highly sought after & rare, Fitzroy development site. Currently leased as car parking, however the leases have development clauses that can be exercised immediately.

Site 1,030m2* – Building 976m2*

“The Consolidation” – The Smith & Leicester Street Holdings
A combination of both offerings, providing a unique and substantial Fitzroy holding, with secure income and immense development potential.

The rear can be developed immediately, or the whole site can be developed in circa four years.

The site can be land banked “as is” – capitalising on Fitzroy’s prolific land appreciation. Alternatively, you can still hold and add value today, by undertaking a commercial or residential development at the rear, holding the site, and capitalise on the land appreciation, while collecting substantial rents.

Site 1,820m2* – Building 2,468m2*
Current income circa $580,000PA + Outgoings + GST

For Sale By Negotiation.

Please Contact Agent For Further Details.

*Approx.

 

 

 

Jack Teneketzis