148 Scotchmer StreetFitzroy North VIC 3068
Property Details for 148 Scotchmer St, Fitzroy North
Last Listing description (March 2025)
• Significant heritage freehold with rear frontage and loading access via Austin Way
• Dependable, long-term lease to a thriving restaurant
• Outstanding foot traffic in ultra-high-exposure Fitzroy North Village
A first-class commercial prospect among one of the inner-north's most widely adored lifestyle strips, this substantial, low-maintenance freehold offers dependable, passive income with scope to repurpose down the line. Currently rented to a long-time Italian restaurant, lease details include:
- $46,681.80 per annum ($3890.15 per calendar month)
- Three years secured from 11/10/2023
- A pair of three-year extension options, leased at increased amounts
Noteworthy points include:
- Land size: 134sqm approx. with rear frontage and loading access via Austin Way
- Neighbourhood Residential Zone (NRZ)
- Approx. 4km to Melbourne's bustling city centre
- Multiple tram routes and Rushall Station ensuring quick access to the CBD and beyond
- Placed among some of Melbourne's most popular cafés, restaurants, bars, and boutiques
- Steps from picturesque Edinburgh Gardens and Merri Creek
- Moments from Nicholson Street, Queens Parade, and additional inner-city lifestyle precincts
- Further prosperity coming to the area with Piedimonte's imminent redevelopment
Property History for 148 Scotchmer St, Fitzroy North, VIC 3068
- 20 Mar 2024Listed for Sale $1,100,000 - $1,200,000
- 27 Sep 2013Listed for Rent - Price not available
- 15 Dec 2012Sold for $800,000
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0About Fitzroy North 3068
The size of Fitzroy North is approximately 2.5 square kilometres. There are 16 parks, covering nearly 16.2% of the total area. The population of Fitzroy North in 2016 was 12339 people. By 2021 the population was 12781 showing a population growth of 3.6% in the area during that time. The predominant age group in Fitzroy North is 30-39 years. Households in Fitzroy North are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Fitzroy North work in a professional occupation.In 2021, 47.50% of the homes in Fitzroy North were owner-occupied compared with 45.90% in 2016.
Fitzroy North has 7,961 properties. Over the last 5 years, Houses in Fitzroy North have seen a -0.19% decrease in median value, while Units have seen a 9.42% increase. As at 31 May 2026:
- The median value for Houses in Fitzroy North is $1,753,834 while the median value for Units is $740,700.
- Houses have a median rent of $878 while Units have a median rent of $625.
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