81 & 83 Gertrude Street,
Fitzroy, VIC 3065
Other
Price information
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Key property information
Floor area
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Map of 81 & 83 Gertrude Street
Side by Side in Bustling Precinct
Sale by Negotiation
These historic Victorian era buildings are positioned next to one of Fitzroy's most iconic pubs 'The Rob Roy Hotel'.
Both buildings feature 12 rooms, 2 bathrooms and 2 toilets with potential for further improvements.
Number 81 has a bungalow at the rear and separate storage room and 83 has a kitchen (shared by both buildings), office on entry that has a commercial exhaust fan installed with possibilities to restore to a second kitchen and 3 phase power available.
The opportunity exists for an existing or prospective rooming house operator to continue running them in their current state (STCA) or renovate/develop (STCA) and explore the endless opportunities.
As a conforming rooming house there is potential to lease the properties (short or long term) for a combined total of $187,000 p.a. (approx) which is being achieved in its current state.
Explore the possibilities to renovate and or develop (STCA) with options to convert to a backpackers hostel (STCA), restaurant/cafe and accommodation (STCA), retail space (STCA) or continue as a rooming house (STCA) and reap the rewards of refurbishing.
Rear lane access is available to both buildings.
Fantastic locale in inner city Melbourne near the corner of Gertrude Street and Brunswick Street, offers an array of lifestyle amenities including cafes, restaurants, parks, universities, St Vincents Hospital and transport to attract potential tenants.
Note:
The properties will be sold with vacant possession.
The building size of 260sqm (approx) is a combined total.
These historic Victorian era buildings are positioned next to one of Fitzroy's most iconic pubs 'The Rob Roy Hotel'.
Both buildings feature 12 rooms, 2 bathrooms and 2 toilets with potential for further improvements.
Number 81 has a bungalow at the rear and separate storage room and 83 has a kitchen (shared by both buildings), office on entry that has a commercial exhaust fan installed with possibilities to restore to a second kitchen and 3 phase power available.
The opportunity exists for an existing or prospective rooming house operator to continue running them in their current state (STCA) or renovate/develop (STCA) and explore the endless opportunities.
As a conforming rooming house there is potential to lease the properties (short or long term) for a combined total of $187,000 p.a. (approx) which is being achieved in its current state.
Explore the possibilities to renovate and or develop (STCA) with options to convert to a backpackers hostel (STCA), restaurant/cafe and accommodation (STCA), retail space (STCA) or continue as a rooming house (STCA) and reap the rewards of refurbishing.
Rear lane access is available to both buildings.
Fantastic locale in inner city Melbourne near the corner of Gertrude Street and Brunswick Street, offers an array of lifestyle amenities including cafes, restaurants, parks, universities, St Vincents Hospital and transport to attract potential tenants.
Note:
The properties will be sold with vacant possession.
The building size of 260sqm (approx) is a combined total.
Additional information
External websites
Property ID: 501134519Last Updated: 31 Jan 2017
0410 635 2...
81 & 83 Gertrude Street
Fitzroy, VIC 3065
Barry Plant - Ivanhoe153 Upper Heidelberg Road
IVANHOE, VIC 3079
IVANHOE, VIC 3079
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