Property Details for 8/397 Smith St, Fitzroy
Last Listing description (January 2024)
239sqm Turn-Key Office with Valuable Off-Street Carparking
Nelson Alexander Commercial are pleased to offer For Sale this immaculately presented office suite.
Key Features:
- Large flexible floor area over three levels with extensive office fit out including kitchen and bathroom, private offices/meeting rooms and A/C throughout
- Offered with vacant possession or short-term lease back
- Located in thriving lifestyle precinct of Smith Street and surrounded by an abundance of amenity including popular cafes, The Collingwood Hotel, Chemist Warehouse, Dan Murphy's, and the Craft & Co
- Current Rent: $77,818.18 + GST + Outgoings
- Convenient access to the Melbourne CBD via accessible tram services operating along Smith Street and close proximity to busses and train stations
- Strong rental return prospects fueled by an undersupply of office tenancies in Fitzroy
For all enquiries or to arrange a private inspection, please contact exclusive agents Nelson Alexander Commercial.
*approx.
Property History for 8/397 Smith St, Fitzroy, VIC 3065
- 28 Sep 2022Listed for Sale Contact Agent
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 8,867 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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