48-50 & 52-56 Douglas Parade,
Williamstown, VIC 3016

Fitzroys is putting to auction the incredibly rare offering of 2 substantial adjoining investment freeholds leased to 3 banks in Williamstown’s premier retail position, on Wednesday, 11th May from 12pm on site.

2 Auctions:
48-50 Douglas Parade Williamstown
- New 7 year lease to CBA
- Land area: 312 sqm with rear access on large public carpark
- Building area 240sqm approx. with wide frontage
- Current rent $169,033 pa plus gst and all outgoings including Land tax and management fees

50-56 Douglas Parade Williamstown
- New 7 year lease to ANZ & 6 year lease to Bank of Melbourne
- Land Area: 638sqm with rear access onto large public carpark
- Building area: 500sqm consisting of 2 shops with combined 17.13 meter frontage
- Combined Rent: 269,037 pa plus gst and all outgoings including Land tax and management fees

Key Features of Both Freeholds:
- Undisputedly the Best Retail Location in Williamstown directly opposite top performing Coles supermarket
- Strategic and irreplaceable holdings with significant development upside stca
- Significant depreciation benefits: Buildings completed in 2014
- Highly sought after waterfront suburb with enormous growth prospects
- Excellent rental growth prospects