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95-97 Smith St 7,147 SF Retail Building Fitzroy North, VIC 3065 For Sale
Investment Highlights
- Prime dual-fronted freehold site in Fitzroy spanning 434 m² with rear lane access (11 m-wide entry).
- Positioned at the gateway of Melbourne’s premier nightlife precinct near Smith & Gertrude Streets.
- Superb accessibility with tram stop (Route 86) a few meters away, and immediate access to the CBD.
- Fully leased with a 10-year term to Melbourne Hospitality Co., 7-day liquor licence until 3 am for 495 patrons.
- Part of a precinct characterized by national tenants, Coles supermarket, major banks, and new multiresidential projects such as Casa (124 apartments).
- High-growth location with significant retail and mixed-use developments recently delivered and planned.
Executive Summary
Fitzroys proudly presents 95-97 Smith Street, Fitzroy, an exceptional inner-city investment in one of Melbourne’s most dynamic and fastest-growing hospitality and lifestyle precincts. Fully leased under a 10-year agreement to Melbourne Hospitality Co., this commanding freehold property occupies a substantial site of 434 m² near the high-profile intersection of Smith and Gertrude Streets—a prime gateway into Melbourne’s thriving nightlife and entertainment hub.
The property benefits from a strong tenancy profile, with Melbourne Hospitality Co. operating under a valuable 7-day liquor licence until 3 am for up to 495 patrons, reinforcing its stature within one of Melbourne’s busiest evening destinations. Zoned Commercial 1 and incorporating development clauses in each lease, the asset delivers unparalleled flexibility for future redevelopment (STCA) in an area earmarked for substantial urban transformation.
Surrounded by national retailers, high-performing supermarkets, and significant mixed-use developments, Fitzroy’s precinct continues its generational uplift, supported by excellent public transport including tram services mere meters away. Combining income security, prime positioning, and substantial long-term upside, this property is an unrivaled acquisition for investors aiming to capture Melbourne’s next wave of inner-city growth.
The property benefits from a strong tenancy profile, with Melbourne Hospitality Co. operating under a valuable 7-day liquor licence until 3 am for up to 495 patrons, reinforcing its stature within one of Melbourne’s busiest evening destinations. Zoned Commercial 1 and incorporating development clauses in each lease, the asset delivers unparalleled flexibility for future redevelopment (STCA) in an area earmarked for substantial urban transformation.
Surrounded by national retailers, high-performing supermarkets, and significant mixed-use developments, Fitzroy’s precinct continues its generational uplift, supported by excellent public transport including tram services mere meters away. Combining income security, prime positioning, and substantial long-term upside, this property is an unrivaled acquisition for investors aiming to capture Melbourne’s next wave of inner-city growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
7,147 SF
Building Class
C
Tenancy
Single
Building Height
2 Stories
Building FAR
1.53
Lot Size
0.11 AC
Nearby Major Retailers
1 of 13
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Fitzroys
95-97 Smith St
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