the facts

50
ROSE STREET

FITZROY

50 Rose Street Fitzroy TCI - An in depth look behind the scenes of the campaign. We'll explain the pros, the cons, the challenges and the reveal!

50 Rose Street Fitzroy TCI Sale Sold

THE PROS

  • New secure lease to one of Australia’s leading food operators – The Lune Co
  • Recently fully renovated
  • Located in immediate proximity to the Rose Street Artists’ Market, The Fitzroy Mills and the Brunswick Street Lifestyle Strip
50 Rose Street Fitzroy TCI Sale Sold
TCI Commercial Real Estate For Sale For Lease Sold Leased The Facts Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate 
50 Rose Street Fitzroy TCI Sale Sold
TCI Commercial Real Estate For Sale For Lease Sold Leased The Facts Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate 

THE CONS

  • The property is a strata title with ‘no/limited land growth’ potential
  • The rent was above market with the Landlord and Tenant being the same
  • Prior to the Lease being executed, the property was last sold for $680,000 in 2020

THE CHALLENGES

  • While the lease created security, it was an above market rental and this was raised by potential Purchasers
  • As the Tenant & Vendor were the same, we altered the Lease to a rental more reflective of market rents
  • Whenever the prior sale transaction was raised, we highlighted this occurred prior to the Lease being entered into and during Covid
50 Rose Street Fitzroy TCI Sale Sold
TCI Commercial Real Estate For Sale For Lease Sold Leased The Facts Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate 
50 Rose Street Fitzroy TCI Sale Sold
TCI Commercial Real Estate For Sale For Lease Sold Leased The Facts Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate 

THE REVEAL

  • TCI sold the property for $1,310,000 
  • This correlated to an increase from the original purchase of $630,000 
  • Final result being a 92.7% uplift for the Vendor in less than a 5 year period or an uplift of 18.5% annually

the facts

ORIGINAL PURCHASE

$
0

THOUSAND

$
0
m

MILLION

0
%

higher

Campaign performance

No Data Found

MILLIONS ($)

No Data Found

MILLIONS ($)

ORIGINAL PURCHASE

sold 50 ROSE STREET

sold 50 ROSE STREET

sold 50 ROSE STREET

sold 50 ROSE STREET

sold 50 ROSE STREET

sold 50 ROSE STREET

sold 50 ROSE STREET

sold 50 ROSE STREET

sold 50 ROSE STREET

sold 50 ROSE STREET