Stonebridge Property Group is pleased to present to the market 167 Fitzroy Street, St Kilda.

The asset has the following key investment features:

• Tenanted by Suzanne Lyttleton Lawyers, an established Melbourne based law firm specialising in Litigation, Property, Wills & Estates
• Suzanne Lyttleton Lawyers have occupied the Fitzroy Street property for 6 years
• Boasting a recently renewed 3-year lease that is commencing on the 1st October 2023 that provides an annual rental income of $62,000* + GST
• The ‘set and forget’ investment is bolstered by a vendor favoured lease that includes favourable CPI increases
• The well exposed frontage of approximately 16 metres* to Fitzroy Street and modern 144 sqm* office / retail space is set to provide significant tax depreciation offsets and has the rare added benefit of 3 secure car parks on title
• Property also includes a large separate store-room with shower facilities
• Strategically located office/retail space at the centre of Fitzroy Street, just 200 m* to Woolworths and directly opposite lakeside drive parklands and the famed Albert Park sporting grounds
• Positioned on arguably the most heavily trafficked pocket of Fitzroy Street just 10 m* from the corner of Lakeside Drive and Fitzroy Street
• Tram stop at property door step

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

*Approximately