466-474 Smith St - Trilby Development Unités de condo • 1 323-2 378 pi² • Collingwood, VIC 3066

This property is a ground floor commercial unit within the Trilby Development on Smith Street, Fitzroy. It comprises approximately 123 sqm of internal area and includes a premium fitout previously used for medical purposes. The property offers secure car parking and access to shared rooftop amenities. It is located near the intersection of Smith Street and Alexandra Parade, providing connectivity to the CBD, Eastern Freeway, and Citylink. The surrounding area includes retail, dining, and residential developments, with the Fitzroy Gasworks redevelopment nearby.

This modern ground floor commercial premises offers a rare opportunity to secure a premium medical, retail, or office space in the heart of Fitzroy’s vibrant Smith Street precinct. Located within the prestigious Trilby Development, which comprises 106 apartments across eight levels, the property spans approximately 123 sqm and is presented with an exceptional fitout valued at approximately $200,000. Previously operating as an osteopathy and physiotherapy practice, the space is now available with vacant possession, providing immediate flexibility for owner-occupiers or investors.

The property features high-profile Smith Street frontage, exposed high ceilings, and secure on-title car parking. Additional amenities include access to a rooftop BBQ and entertainment area offering panoramic views of Melbourne. Its flexible zoning allows for medical, retail, or office use (STCA), making it suitable for a wide range of businesses.

Positioned near the corner of Smith Street and Alexandra Parade, the property benefits from direct tram access to the CBD and northern suburbs, as well as excellent connectivity to the Eastern Freeway and Citylink. The surrounding area is a thriving hub of retail, dining, and residential developments, with the nearby Fitzroy Gasworks redevelopment set to deliver approximately 1,200 new apartments, a senior high school, sports facilities, and expansive public spaces. This combination of location, exposure, and future growth potential makes this an outstanding acquisition in one of Melbourne’s most dynamic inner-city markets.

474 Smith Street is a ground floor strata-titled office located within the Trilby Apartments development in Collingwood. The property comprises approximately 221 sqm of internal area and includes one secure car space. The property is fully fitted to a high commercial standard and includes a disabled lift. It is situated near the intersection of Smith Street and Alexandra Parade, providing connectivity to the CBD, Eastern Freeway, and CityLink.

474 Smith Street presents an exceptional investment opportunity in one of Melbourne’s most dynamic inner-city precincts. This modern, strata-titled ground floor office space spans approximately 221 sqm and is securely leased to the Commonwealth Government of Australia, offering investors a highly reliable income stream. The property is fully fitted to premium commercial standards, with an estimated fitout value of approximately $500,000, including a disabled lift, ensuring long-term functionality and compliance.

The current lease commenced on 26 October 2021 and runs until 25 October 2027, with a three-year option, providing strong income security. The property generates a gross annual rent of $118,465 plus GST and includes one secure on-title car space.

Located within the prestigious Trilby Apartments development, the property enjoys prominent Smith Street frontage and excellent exposure. Positioned near Alexandra Parade, it offers direct tram access to the CBD and northern suburbs, as well as convenient connectivity to the Eastern Freeway and CityLink. The surrounding area is a vibrant mix of residential, commercial, and retail activity, further enhanced by the nearby Fitzroy Gasworks redevelopment, which will deliver approximately 1,200 apartments, a senior high school, sports facilities, and expansive public spaces.

With a blue-chip government tenant, premium fitout, and strong growth prospects in a thriving location, this property represents a secure and compelling investment opportunity.