Menu
An iconic Fitzroy development site, with secure income and limitless upside. 411-421 Smith Street Fitzroy TCI - The Smith & Leicester Holdings. 1,820m².
Sale by Negotiation
Retail
Abundance of car parks
1,820m²
2,468m²
Let’s talk
Tenanted
“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.
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.
A highly sought after & rare, Fitzroy development site. Currently leased as car parking, however the leases have development clauses that can be exercised immediately.
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.
