148 Scotchmer Street,
Fitzroy North, VIC 3068

Shops & Retail • Development Sites & Land • Offices

Price information

Sale

$1,100,000 - $1,200,000

Key property information

Land area

Floor area

Zoning

Tenure type

Tenanted Investment Details

Occupancy

Fully Leased

Est. Incomep.a.

$46,681

Number of Tenants

1 Tenant

Private inspections

to arrange a private inspection.

Map of 148 Scotchmer Street

Directions

Train stations within 5 km of 148 Scotchmer Street, Fitzroy North, VIC 3068 Distance
Rushall Station 672 m
Merri Station 997 m
Clifton Hill Station 1.1 km
Westgarth Station 1.4 km
Northcote Station 1.8 km
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Tram stops within 5 km of 148 Scotchmer Street, Fitzroy North, VIC 3068	Distance
22-Scotchmer St/ST Georges Rd (Fitzroy North)	39 m
23-Park St/ST Georges Rd (Fitzroy North)	247 m
21-Alfred Cres/St Georges Rd (Fitzroy North)	266 m
21-Scotchmer St/Nicholson St (Fitzroy North)	580 m
18-Scotchmer St/Nicholson St	581 m

Bus stops within 5 km of 148 Scotchmer Street, Fitzroy North, VIC 3068	Distance
St Georges RdScotchmer St	47 m
St Georges Rd/Reid St (Fitzroy North)	338 m
Edwardes Place/Scotchmer St (Fitzroy North)	360 m
Fitzroy High SchoolMichael St	393 m
Porter St/Holden St (Fitzroy North)	414 m

First-Rate Freehold in Flourishing Fitzroy North Village

• 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