GROUND FLOOR/235 Gertrude StreetFitzroy VIC 3065
Property Details for Ground Floor/235 Gertrude St, Fitzroy
Last Listing description (April 2026)
Nelson Alexander Commercial is delighted to offer For Private Sale this exceptional Fitzroy freehold, ideally positioned in the heart of vibrant Gertrude Street. The property comprises a ground floor retail premises securely leased to renowned fashion designer E Nolan, along with a charming and fully self-contained two-bedroom residence above, complete with its own separate access and a north-facing balcony. Occupying a prominent corner position, the asset benefits from outstanding exposure and is arguably one of the premier retail locations on Gertrude Street, just moments from Smith Street and near the iconic Builders Arms Hotel.The retail component is underpinned by a strong long-term lease (5+5), while the residence is offered with vacant possession, providing flexibility for owner-occupiers or additional rental income. This blue-chip investment delivers an excellent return, with further upside through potential value-add opportunities, including additional income from outdoor advertising on the east wall (STCA). This is a rare opportunity in a highly sought-after precinct, and one we highly recommend.Key Property Features: Zoned Commercial 1 (C1Z) Building Area: 131m (approx.) Prime freehold in the heart of Gertrude Street, Fitzroy Prominent corner position with outstanding exposure Ground floor retail securely leased to established designer E Nolan Strong long-term lease in place (5+5) Separate, fully self-contained two-bedroom residence with private access Residence offered with vacant possession North-facing balcony with excellent natural light Dual-income potential with flexible occupancy options Blue-chip inner-city investment with strong yield Value-add opportunity via potential outdoor advertising signage (STCA) Moments from Smith Street, surrounded by popular hospitality and retail amenity Highly sought-after lifestyle and investment precinctFor all property enquiries or to arrange an inspection please contact exclusive selling agents Nelson Alexander Commercial on 9419 5511.
Property History for Ground Floor/235 Gertrude St, Fitzroy, VIC 3065
- 08 Apr 2026Listed for Sale Contact Agent
Recent sales nearby
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0About 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 8,836 properties. Over the last 5 years, Houses in Fitzroy have seen a 3.05% increase in median value, while Units have seen a 15.39% increase. As at 30 April 2026:
- The median value for Houses in Fitzroy is $1,639,295 while the median value for Units is $817,629.
- Houses have a median rent of $985 while Units have a median rent of $650.
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