288 Queens Parade
Fitzroy North, VIC 3068

Overview

Prime Mixed - Use Opportunity - 288 Queens Parade, Fitzroy North

This commercial property represents a rare and strategic investment opportunity located on the vibrant Queens Parade in Fitzroy North. The asset is fully titled with a land area of approximately 247 square meters and a building footprint of 133.6 square meters, offering a substantial presence on one of Melbourne's most sought-after mixed-use strips.

Situated in a prime location, the property benefits from high pedestrian traffic and excellent visibility, being part of an established shopping and café precinct that experiences strong footfall during both morning and evening periods. This makes it an ideal venue for retail or commercial enterprises seeking exposure to a dynamic customer base.

The current lease is secured until June 2026, providing stable income with the added advantage of two further options to extend the lease by three years each. This lease structure offers both security and flexibility for investors or owner-occupiers.

• Land size: 247 square meters
• Building size: 133.6 square meters
• Lease term secured until June 2026, with two additional three-year options
• Located within Commercial Zone 1 (C1Z)
• Comprises five rooms, two storage areas, kitchen, and bathroom facilities

The property is zoned Commercial 1, allowing for a variety of commercial uses, enhancing its appeal to a broad range of potential tenants or buyers. The internal layout includes multiple rooms and storage spaces, complemented by essential kitchen and bathroom amenities, supporting diverse business operations.

Overall, this asset offers a compelling proposition for investors seeking a well-located, tenanted commercial property with secure lease terms and strong exposure to a bustling retail environment. Its position on Queens Parade ensures ongoing demand and potential for capital growth in one of Melbourne's thriving inner suburbs.

Location