235 Gertrude Street, Fitzroy VIC 3065
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131 sqm / approx
Prime Fitzroy Corner Freehold
Nelson Alexander Commercial is delighted to offer For Private Sale this exceptional Fitzroy freehold, ideally positioned in the heart of vibrant Gertrude Street. The property comprises a ground floor retail premises securely leased to renowned fashion designer E Nolan, along with a charming and fully self-contained two-bedroom residence above, complete with its own separate access and a north-facing balcony. Occupying a prominent corner position, the asset benefits from outstanding exposure and is arguably one of the premier retail locations on Gertrude Street, just moments from Smith Street and near the iconic Builders Arms Hotel.
The retail component is underpinned by a strong long-term lease (5+5), while the residence is offered with vacant possession, providing flexibility for owner-occupiers or additional rental income. This blue-chip investment delivers an excellent return, with further upside through potential value-add opportunities, including additional income from outdoor advertising on the east wall (STCA). This is a rare opportunity in a highly sought-after precinct, and one we highly recommend.
Key Property Features:
• Zoned Commercial 1 (C1Z)
• Building Area: 131m² (approx.)
• Prime freehold in the heart of Gertrude Street, Fitzroy
• Prominent corner position with outstanding exposure
• Ground floor retail securely leased to established designer E Nolan
• Strong long-term lease in place (5+5)
• Separate, fully self-contained two-bedroom residence with private access
• Residence offered with vacant possession
• North-facing balcony with excellent natural light
• Dual-income potential with flexible occupancy options
• Blue-chip inner-city investment with strong yield
• Value-add opportunity via potential outdoor advertising signage (STCA)
• Moments from Smith Street, surrounded by popular hospitality and retail amenity
• Highly sought-after lifestyle and investment precinct
For all property enquiries or to arrange an inspection please contact exclusive selling agents Nelson Alexander Commercial on 9419 5511.
The retail component is underpinned by a strong long-term lease (5+5), while the residence is offered with vacant possession, providing flexibility for owner-occupiers or additional rental income. This blue-chip investment delivers an excellent return, with further upside through potential value-add opportunities, including additional income from outdoor advertising on the east wall (STCA). This is a rare opportunity in a highly sought-after precinct, and one we highly recommend.
Key Property Features:
• Zoned Commercial 1 (C1Z)
• Building Area: 131m² (approx.)
• Prime freehold in the heart of Gertrude Street, Fitzroy
• Prominent corner position with outstanding exposure
• Ground floor retail securely leased to established designer E Nolan
• Strong long-term lease in place (5+5)
• Separate, fully self-contained two-bedroom residence with private access
• Residence offered with vacant possession
• North-facing balcony with excellent natural light
• Dual-income potential with flexible occupancy options
• Blue-chip inner-city investment with strong yield
• Value-add opportunity via potential outdoor advertising signage (STCA)
• Moments from Smith Street, surrounded by popular hospitality and retail amenity
• Highly sought-after lifestyle and investment precinct
For all property enquiries or to arrange an inspection please contact exclusive selling agents Nelson Alexander Commercial on 9419 5511.
