592-596 Smith Street, Clifton Hill, VIC 3068 | Property Value & History | OnTheHouse
OFF MARKET

592-596 Smith Street
Clifton Hill VIC 3068

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 529m2
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Property Details for 592-596 Smith St, Clifton Hill

Building Type
Commercial
Land Size
529m2
Local Government
Yarra
Lot/Plan
CP109798

Last Listing description (October 2023)

Colliers are proud to present for sale 592-596 Smith Street, Clifton Hill for sale.

This prominent corner land holding represents an opportunity to secure a trophy retail investment which benefits from rare dual arterial road exposure to both Alexandra Parade and Smith Street capturing the visibility of 75,000* vehicles daily.


Benefitting from a large captive retail catchment, the property of 529m2* has been occupied by national retailer, PETstock, since 2014. The property is highly reversionary and therefore poses a unique opportunity to realise the rental uplift by renegotiating with the tenant or re-leasing to the current market rent.

Key asset highlights include:

Single storey national retail investment, leased to national powerhouse, PETstock
Estimated market rental of $ per annum plus GST with an additional $ per annum via outdoor signage
(STCA)
Exceptional arterial roadside capturing the visibility of 75,000* vehicles daily
Short term income appealing to multiple purchasing profiles
High profile corner site of 529m* directly opposite the high-profile 'Fitzroy Gasworks' development
Large captive retail catchment


*approximately

Property History for 592-596 Smith St, Clifton Hill, VIC 3068

A timeline of how this property has performed in the market
Last Sold
$3,600,000
27 Jun 2018
Listed for Rent
$1.57k/w
06 Aug 2011
  • 20 Jul 2023
    Listed for Sale Contact Agent
  • 27 Jun 2018
    Sold for $3,600,000
  • 30 May 2018
    Listed for Sale Not Disclosed
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About Clifton Hill 3068

The size of Clifton Hill is approximately 1.7 square kilometres. There are 11 parks, covering nearly 29.5% of the total area. The population of Clifton Hill in 2016 was 6341 people. By 2021 the population was 6606 showing a population growth of 4.2% in the area during that time. The predominant age group in Clifton Hill is 30-39 years. Households in Clifton Hill are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Clifton Hill work in a professional occupation.In 2021, 59.50% of the homes in Clifton Hill were owner-occupied compared with 58.00% in 2016.

Clifton Hill has 3,554 properties. Over the last 5 years, Houses in Clifton Hill have seen a 13.04% increase in median value, while Units have seen a -0.16% decrease. As at 30 April 2026:

  • The median value for Houses in Clifton Hill is $1,737,577 while the median value for Units is $786,996.
  • Houses have a median rent of $840 while Units have a median rent of $653.
There are currently 5 properties listed for sale, and 4 properties listed for rent in Clifton hill on OnTheHouse. According to Cotality's data, 147 properties were sold in the past 12 months in Clifton hill.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.