Shop 2, 182 Johnston Street, Fitzroy

SHOP 2 /182 JOHNSTON STREET FITZROY

FOR PRIVATE SALE

SHOP 2 /182 JOHNSTON STREET FITZROY

CONTENTS 04 INTRODUCTION 06 EXECUTIVE SUMMARY 10 LOCATION 12 PROPERTY PARTICULARS 16 TENANCY DETAILS 18 FLOOR PLAN 20 WHY PURCHASE? 22 SALE METHOD

INTRODUCTION

Aston Commercial are pleased to offer Shop 2, 182 Johnston Street, Fitzroy for private sale.

Sitting at the base of this recently completed project, ‘The Rochester’ is a boutique 6 level (plus basement) mixed-use development comprising of two ground floor retail tenancies and 24 magnificent architecturally designed apartments.

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Leased to wildly popular indoor plant supplier Botanica Collective this is the perfect long-term holding investment with the security of a new 5 year lease plus options with fixed annual increases.

With an expansive corner shopfront this property is extremely well suited to a number of future uses inline with its Commercial 1 zoning. Including Retail, Office and Hospitality.

Fitzroy has evolved in recent years and is extremely popular with young professionals who enjoy the relaxed lifestyle and local hospitality offerings.

Aston Commercial believes that this is a property that should be appealing to Investors and deserves your serious consideration.

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EXECUTIVE SUMMARY PROPERTY

LOCATION

Shop 2, 182 Johnston Street, Fitzroy.

Positioned on the Corner of Johnston Street and Rochester Street a mere 3 kms* North of Melbourne’s Central Business District.

DESCRIPTION

LEASE DETAILS

Brand new retail space beneath the recently completed ‘The Rochester Fitzroy” Development comprising 24 luxurious apartments.

Currently leased to Botanica Collective on a Five (5) year lease with option at a rental of $82,000 pa*.

BUILDING AREA

ZONING

198 sqm* Plus Two (2) secure car spaces.

Commercial 1 – C1Z.

METHOD OF SALE

TERMS OF SALE

For private sale.

10% deposit with settlement in 60-90 days. *approx.

EXCLUSIVE SELLING AGENTS

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Liam Rafferty

Jeremy Gruzewski

Senior Sales Executive 0421 886 655 liam@astoncommercial.com.au

Director of Agency 0422 211 021 jeremy@astoncommercial.com.au

LOCATION

Food & Drink • The Rochester Hotel • Fitzroy Town Hall Hotel • Marquis of Lawn • Provincial Hotel • Rice Paper Scissors • Naked for Satan • Ichi Ni Nana Izakaya

Transport • Easy access in and out of the city via Hoddle Street & the Eastern Freeway • Bus (200 & 207) • Tram (11 & 86)

Neighbouring Business • McCoppins • Sofa’s Direct • Great Dane Furniture • Forty Winks • BP Service Station • Aldi Supermarket • My Pet Warehouse

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In the heart of fabulous Fitzroy, enjoy a lifestyle that puts Melbourne’s most eclectic, exciting streets at your fingertips.

PROPERTY PARTICULARS The Rochester Designed by award winning architecture studio Ola in collaboration with Breathe Architecture is The Rochester.

TITLE PARTICULARS Volume 08205 Folio 155 Lot 6 on Plan of Subdivision 0404179

Taking their cue from Ola’s architectural envelope, The Rochester is imbued with an industrial aesthetic, bold and textured, with fresh open air circulation. Flexible open concept plans maximise living space, ease flow of movement and provide a sense of connection to the outdoors.

ZONING

An outstanding mixed use development that draws on cultural inspiration from the surrounding neighbourhood, delivering exceptional quality, durability and style.

PARKING

Beneath the 24 contemporary homes are two outstanding commercial spaces. Great ceiling heights and ample natural light make this commercial space ideal for retail, office or studio accommodation.

BUILDING AREA Total Building Area:

*approx.

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198 square metres*

Under the City of Yarra Planning Scheme the land is zoned Commercial 1 – C1Z.

This property comes with two (2) secure basement car parks

TENANCY DETAILS

Botanica Collective is Fitzroy’s newest plant paradise.

Botanica Collective burst onto the houseplant scene roaming around Melbourne, however, in 2019 the team decided to root themselves with their first plant shop in sunny Fitzroy. Botanica Collective provides a classy collection of plants, pots and accessories.

Local delivery to over 320 suburbs across Melbourne.

They have now followed up with a second store at Eastland Shopping Centre in Ringwood. https://botanicacollective.com/

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Trading Name:

Botanica Collective

Rent:

$82,000 pa + GST

Term:

Five (5) Years

Commencement:

1st September 2020

Options:

One (1) further term of Five (5) Years

Rent Reviews:

3.5% annually with a market review at the exercise of option

Outgoings:

Paid by tenants

Security:

Equal to 3 months rent plus GST 17

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BUILDING ENTRANCE

CAR LIFT

CAR LIFT

WALKWAY

BICYCLE STORAGE

GARDEN

7.

6.

5.

19.

20.

21.

22.

23.

24.

BICYCLE STORAGE

FLOOR PLAN SHOP 2 /182 JOHNSTON STREET FITZROY 4.

3.

2.

1.

GARDEN

WALKWAY

GARDEN

LIFT

DDA WC & SHW

SHOP 2

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WHY PURCHASE?

MINIMAL LAND TAX Land Tax continues to rise in Australia particularly when it comes to freehold assets. Strata has fast become a favourite among investors as annual costs are typically at much lower levels than comparable freehold properties.

EXCELLENT DEPRECIATION BENEFITS Being brand new, this property presents outstanding depreciation benefits – BMT Tax depreciation specialists have provided an indicative depreciation schedule for your consideration.

LOCATION LOCATION LOCATION Located in an ideal position on Johnston Street this property offers an outstanding amenity being only a stone’s throw away from all the iconic cafes and eateries Fitzroy has to offer.

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SALE METHOD

METHOD OF SALE

TERMS OF SALE

For private sale.

10% deposit with the balance payable upon settlement in 60 or 90 days.

INSPECTIONS

CONTRACT OF SALE & VENDORS STATEMENT

Strictly by private appointment with the exclusive selling agents.

Available upon request.

EXCLUSIVE SELLING AGENTS

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Liam Rafferty

Jeremy Gruzewski

Senior Sales Executive 0421 886 655 liam@astoncommercial.com.au

Director of Agency 0422 211 021 jeremy@astoncommercial.com.au

DISCLAIMER This document has been prepared by Aston Commercial Pty Ltd for advertising and general information only. Aston Commercial Pty Ltd do not guarantee, warrant or represent that the information contained in this document is correct. Any interested party should undertake their own enquiries as to the accuracy of the information. Aston Commercial Pty Ltd excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damage arising therefrom. *Approximate