131 Smith Street, Fitzroy

JLL has the exclusive privilege of offering for sale this brand new retail investment at the base of the recently completed project – ‘131 Smith Street’, a high-end, carbon neutral development that has set a new benchmark for residential living in Fitzroy.

+ Landmark retail tenancy of 501sqm GLAR

+ Leased to NASDAQ listed ‘Lululemon Athletica’* (NASDAQ:LULU), leading global activewear brand with market capitalisation in excess of $32billion

+ Brand new 7+5+5 year lease from November 2024

+ Current Net Rent: $400,000 annum with 4% fixed annual rental growth

+ Tenant pays ALL outgoings including land tax

+ Brand new fit out offers potential for depreciation benefits

+ Includes 3 car spaces on title (only 1 assigned to lease)

+ Positioned on the ground floor of an newly completed project comprising 39 high-end apartments, selling in excess of $4.6m and designed by award winning architects ‘Freadman White’ and completed by renowned developer ‘Outline’

+ Prominent and high-profile position in the best section of Smith Street, Fitzroy, close to the corner of Gertrude Street

+ An unprecedented growth location on the cusp of the CBD, surrounded by hundreds of proposed/under construction apartments

*Wholly owned subsidiary of Lululemon Athletica Inc.

*Approx.

To obtain further information or to arrange an inspection, please contact the exclusive JLL selling agents

Jesse Radisich 

0402 085 702

jesse.radisich@jll.com 

Tim Carr

0415 767 915

tim.carr@jll.com 

Jarrod Herscu

0418 155 062

jarrod.herscu@jll.com 

MingXuan Li 李 名轩

0498 688 998

mingxuan.li@jll.com