203 Smith St 2,476 SF 100% Leased Retail Building Fitzroy, VIC 3065 For Sale

This property presents a rare opportunity to acquire a double-storey shop and dwelling in one of Melbourne’s most dynamic and tightly held retail precincts. Positioned along the vibrant Smith Street strip, the asset is surrounded by an eclectic mix of galleries, boutique fashion retailers, acclaimed restaurants, and popular bars, ensuring consistent foot traffic and strong tenant demand.
The property comprises a landholding of approximately 115 sqm and a building area of approximately 230 sqm, zoned Commercial 1, providing flexibility for future use or redevelopment potential (STCA). Currently configured as a retail shop with an upper-level dwelling, the property combines income security with long-term upside in a high-growth location.
This investment is underpinned by a secure lease in place until September 2026, with a further three-year option, offering immediate income stability. Its position within a premier lifestyle and retail destination enhances its appeal to investors seeking a blue-chip asset with strong fundamentals and enduring value.