166 Gertrude StreetFitzroy VIC 3065
Property Details for 166 Gertrude St, Fitzroy
Last Listing description (September 2021)
CBRE Melbourne Strip Retail Investments acting on behalf of Melbourne developer Kalex.
+ 5-year net lease (tenant pays outgoings) to highly rated hospitality operator (former Attica & Vue de Monde chef), running hugely popular venues Calere Coffee & Gaea restaurant
+ Strategic tenant that covers morning and evening trade through a profit maximising dual business strategy (1 tenant, 2 businesses)
+ Providing net annual income of $93,150* + GST + Outgoings (after land tax) with favourable fixed 4%* rental increases
+ Prime 111sqm* premises with on-title car park and public transport (tram) at your doorstep providing direct linkage to the CBD in under 7 minutes
+ High foot traffic position benefiting from direct access to massive surrounding amenity. I.e. The Melbourne medical precinct that includes St Vincent's Hospital, St Vincent's Institute of Medical Research, Centre for Eye Research Australia, The Royal Victorian Eye & Ear Hospital and The Bionics Institute
+ Surrounded by retail & hospitality excellence including Cutler & Co., Marion, Anada, Charcoal Lane, Archie's All Day, Little Salon Messer & many more
FOR SALE VIA DEADLINE PRIVATE SALE CLOSING FRIDAY 6TH NOVEMBER AT 5PM (EADT)
For information please contact the exclusive sales and marketing agents:
Rorey James
+61 439 400 081
Nic Hage
+61 448 782 594
Jing Jun Heng
+61 411 059 116
*Approx
Property History for 166 Gertrude St, Fitzroy, VIC 3065
- 17 Dec 2020Listed for Sale SOLID, HIGH-YIELDING GERTRUDE STREET INVESTMENT
- 07 Aug 2020Listed for Sale Contact Agent
- 30 Oct 2019Listed for Rent - Price not available
Recent sales nearby
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About Fitzroy 3065
The size of Fitzroy is approximately 1.4 square kilometres. It has 8 parks covering nearly 2.7% of total area. The population of Fitzroy in 2016 was 10445 people. By 2021 the population was 10431 showing a population decline of 0.1% in the area during that time. The predominant age group in Fitzroy is 30-39 years. Households in Fitzroy are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Fitzroy work in a professional occupation.In 2021, 38.10% of the homes in Fitzroy were owner-occupied compared with 34.50% in 2016.
Fitzroy has 8,866 properties. Over the last 5 years, Houses in Fitzroy have seen a 10.96% increase in median value, while Units have seen a 16.22% increase. As at 31 March 2026:
- The median value for Houses in Fitzroy is $1,697,148 while the median value for Units is $813,614.
- Houses have a median rent of $985 while Units have a median rent of $650.
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