LAND TAX EXEMPTIONLONG LEASE TO REGISTERED CHARITY GROUP
Positioned in the heart of one of Melbourne's most vibrant inner-city suburbs, the property seamlessly combines the secure tenancy of a long-running charitable organisation with modern designer sophistication. This commanding corner freehold offers exceptional rental income from quality tenants, Australian Volunteers International and JaCasa Furniture Store showcasing a premium fitout that commands attention.
Expressions of Interest closing Wednesday 26 November at 3pm
FITZROY
TENANCY DETAILS
Australian Volunteers International
Established in 1951, AVI is Australia’s longestrunning international volunteer organisation. AVI supports community-led development by connecting people, organisations and communities through volunteering and knowledge exchange. AVI delivers programs including the Australian Volunteers Program, matching skilled Australians with partner organisations across the Pacific, Asia and Africa to contribute to sustainable development, in consortium with DT Global and Alinea International, on behalf of the Australian Government.
Lease Terms
Australian Volunteers International are divesting their property, with the sale to include a flexible leaseback arrangement. This flexibility reflects the organisation’s government funding cycle, which is allocated on a sevenyear basis. AVI have requested that purchasers submit EOI's on both leasing proposals. The difference being length of initial term and options. All other items are the same.
Proposal 1
Annual Rent:
$288,300* + GST + Outgoings
Increases:
3.25%* annually, market review at commencement of options
Lease Commencing: Day After Settlement
Term:
Five (5) years – commencing day after settlement
Options: Five (5) years + Two (2) years
Proposal 2
Annual Rent:
$288,300* + GST + Outgoings
Increases:
3.25%* annually, market review at commencement of options
Lease Commencing: Day After Settlement
Term:
Three (3) years – commencing day after settlement
Options:
Four (4) + Five (5) years
TENANCY DETAILS
JaCasa Furniture Store
jacasa.com.au
JACASA Furniture Store is a distinctive home styling retailer offering a thoughtfully curated mix of contemporary and retro-inspired furniture.
With a strong emphasis on design, colour and character, JACASA has established itself as a destination for discerning customers seeking to bring vibrancy and personality into their homes.
Lease Terms
Annual Rent:
$64,275* p.a. + GST (no outgoings payable from 1 Jan 26 - 30 June 26)
Lease Expiry: 30 June 2026
Further Options: Nil
REFURBISHED, FUNCTIONAL AND STYLISH BUILDING DETAILS
Comprising approximately 1,100m2* across two (2) levels, the building has undergone a comprehensive refurbishment that delivers a contemporary, high-calibre aesthetic befitting A-grade office accommodation. The attention to detail throughout reflects a strong emphasis on quality, functionality and visual appeal.
The ground floor features a series of private offices, a formal boardroom and a generously appointed kitchen and staff breakout area designed to encourage collaboration and comfort. The prominent corner retail tenancy is occupied by JaCasa, which presents as a stylish, open-plan retail space that enhances the property’s street presence and activation.
The first floor, accessible via an internal staircase or lift, offers a predominantly open-plan layout complemented by several private offices and meeting rooms, providing flexibility for a range of business uses. Both levels are equipped with premium bathroom facilities and high-end end-oftrip amenities, ensuring convenience and a superior workplace experience for all occupants.
FLOORPLAN
(131 SQM)
AVI (931 SQM)
LAND & DEVELOPMENT
The property’s commanding corner position and favourable Commercial 1 Zoning provide outstanding long-term flexibility and underpin its investment strength. While the asset currently benefits from secure holding income, its strategic location ensures significant future development potential.
Independent planning advice from Ratio Consultants highlights the opportunity for a mixed-use development of up to six storeys (STCA), supported by the site’s strong fundamentals and excellent surrounding amenity. This combination of immediate income security and longerterm redevelopment potential makes the property an exceptional investment proposition. A comprehensive planning report is available upon request.
LAND DIMENSIONS
WIDTH - 20.1m
DEPTH - 28.3m
6-STOREY DEVELOPMENT POTENTIAL (STCA)
COMBINED FRONTAGE OF 48m* IDEAL FOR MIXED USE / COMMERCIAL REDEVELOPMENT
Fitzroy is one of Melbourne’s most dynamic and sought-after inner-city suburbs, renowned for its creative energy, vibrant retail strips, and eclectic mix of cafes, galleries, and boutique stores.
Just minutes from the CBD, the area attracts a diverse demographic of professionals, designers and trendsetters, contributing to its strong commercial appeal. Brunswick Street and Smith Street serve as key lifestyle destinations, drawing consistent foot traffic and fostering a thriving local economy. With excellent public transport connectivity and a rich cultural identity, Fitzroy represents one of Melbourne’s most enduringly popular and high-performing commercial precincts.
WHAT, WHEN & HOW?
Expressions of Interest closing Wednesday 26 November at 3pm Terms: 10% deposit with the balance payable in 60-90 days
DISCLAIMER
“Materials” refers to any and all, statements, documents, data, statistics, measurements, estimates, figures, calculations, images, projections, approximates or other representations, whether explicit or implicit, provided or published by Aston Commercial Pty Ltd, its employees or agents (Aston Commercial). The Materials constitute general information and are provided for the recipient’s exclusive and confidential use to assist with inquiries in relation to property or land. The Materials in no way constitute advice, an offer, or a contract and should not be relied upon in any way in entering a contract or agreement. Aston Commercial makes no representations and assumes no liability as to the completeness, correctness, context, or suitability of the Materials. Any dimensions or measurements of the property or the land (internal and external) are approximates only. A person should seek professional advice, including but not limited to legal advice, and conduct their own investigations to satisfy themselves of the property or land, including dimensions or measurements. Limitation of Liability: Aston Commercial excludes, to the fullest extent permitted by law, all inferred or implied terms, conditions and warranties arising in connection to the Materials and all liability for loss, damage, injury or claim (whether direct or indirect) in connection to its use or reliance. Where liability cannot be excluded, Aston Commercial limits, to the fullest extent permitted by law, all liability for loss, damage, injury or claim (whether direct or indirect) in connection to use or reliance of the Materials.
