SOLD

the smith & leicester holdings

411 - 421 smith street

fitzroy

SALE METHOD

Sale by Negotiation

type

Retail

PARKING

Abundance of car parks

SITE

1, 820m²

BUILDING

2,468m²

PRICE

Let’s talk

tenure

Tenanted

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.

“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.

“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.

We’re here to help you find the perfect deal so let’s talk.

enquiry

Jack Teneketzis