Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

366 Nicholson Street
Fitzroy, VIC 3065

Commercial 8 cars 476 m²

Listed Date: 22nd May 2026

Overview

366 Nicholson Street, FITZROY

This architect-designed commercial office building is prominently positioned on a prime corner site along one of Fitzroy's major arterial roads, offering excellent exposure and accessibility. The well-proportioned land parcel benefits from dual street frontages as well as rear access via a public laneway, enhancing its functional versatility.

The property comprises a two-storey building featuring a grand foyer entrance that sets a professional tone. Inside, the layout includes dedicated training and meeting rooms alongside a combination of open-plan workspaces and private executive-style offices, catering to a variety of business needs.

Parking is a significant asset for this property, with rear access from the laneway providing space for up to eight vehicles, an important convenience for tenants and visitors alike.

Currently leased to Workskil Australia under a two-year lease commencing 1 July 2025, with options for two further two-year extensions, this investment offers a secure income stream. The lease terms include annual rental increases of 3%, providing potential for income growth over the lease period.

Key features of the property include:

Land area approximately 476 square meters
Building area approximately 431 square meters
Combined frontage of approximately 49.58 meters including rear lane access
Abundant natural light throughout the premises
Modern amenities such as a full kitchen and end-of-trip facilities
Lease term of 2 years with options for two additional 2-year terms
Annual rental income of $105,000 with 3% yearly increases
Parking capacity for 8 cars

The location is highly convenient, situated less than 3 kilometers from Melbourne's city center. Public transport options include the East Brunswick tram (Route 96) which passes directly by the property. Additionally, the site is minutes from the Eastern Freeway (M3), facilitating easy access to broader metropolitan areas.

The property is zoned Commercial 2 (C2Z), supporting a range of commercial uses and offering flexibility for future development or operational needs.

This opportunity is well-suited for investors seeking a stable income property with strong lease terms or for owner-occupiers planning a future relocation to a strategically located commercial office space.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.