95-97 Smith Street
Fitzroy, VIC 3065

This prominent retail investment opportunity at 95 – 97 Smith Street, Fitzroy, offers a fully leased freehold in a rapidly transforming inner city precinct of Melbourne. The property is perfectly positioned near the intersection of Smith and Gertrude Street, serving as a gateway to Melbourne’s premier nightlife and hospitality precinct.

Smith Street is currently undergoing significant transformation, with major retailers such as Lululemon, KFC, and Guzman y Gomez recently securing locations nearby. The area has seen the completion of substantial office and mixed-use buildings, enhancing its appeal and potential for future growth.

The site boasts a substantial land area of approximately 434 square meters, featuring extensive frontage and rear road access measuring 11 meters. The building area totals 664 square meters, providing ample space for commercial use.

The property is 100% fully leased with a strong lease profile, including a 10-year lease to Melbourne Hospitality Co. This tenant holds a valuable 7-day, 3am liquor licence for 495 patrons, positioning them as a key player in one of Melbourne’s most popular nightlife locations.

Zoned Commercial 1, the property includes development clauses in each lease, offering ultimate flexibility for future redevelopment subject to council approval. The location benefits from close proximity to a high-performing Coles Supermarket and other national tenants such as Huxtaburger, Kathmandu, Bonds, Chemist Warehouse, and major banks.

Exceptional transport amenities are available, with the number 86 tram stop just meters away, facilitating easy access for patrons and staff. The site is also surrounded by numerous high-end apartment complexes, either recently built or earmarked for construction, including Outline Projects and the recently approved Casa project comprising 124 apartments.

This investment presents an exceptional opportunity for investors to acquire a fully leased freehold property, poised to benefit from the next generational uplift of Fitzroy. The location’s unique inner city appeal and strong tenant profile make it a compelling addition to any commercial property portfolio.

Approximate measurements are provided for reference. Interested parties are encouraged to conduct their own due diligence and inspections to fully appreciate the potential of this outstanding investment.