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Posted on 28 November 2009

This showroom / warehouse / retail facility at 81-89 Queens Parade, Fitzroy North, is fully leased with a secure bank guarantee to a national company. The investment property is leased to Clipsal Electrical Accessories and returns a yearly rental of $292,500. The lease has fixed increases of 4 percent per year. The land measures 3,177 square metres and is on the corner of Queens Parade and George Street, with parking for 12 vehicles. Vinci Carbone selling agent Frank Vinci described the property as an excellent investment opportunity in a highly sought after city fringe location. For sale by Auction on Thursday, December 3, at noon on the site. The estimated price is $3.5 million –plus. Further details are available from Frank Vinci or Joseph Carbone on 9662 2020.