Wonderful opportunity to secure this amazing period charmer, boasting considerable upside. Located in the Paris End of Smith Street, the property is surrounded by beautiful art galleries, cool dining, gastro pubs and exciting nightlife. The spacious double storey, has the added benefit of an amazing basement multi room cellar, storage or office space. Featuring a fantastic showroom, office, upstairs living quarters, 3 bedrooms and scope to create your own kitchen and family size bathroom. Retaining many period features typical of the era, you are blessed with timber floor boards, rustic design, groovy brickwork, tranquil courtyard/garden with a huge avocado tree and ROW access for handy off street parking. Ideal Blue-Chip Investment, land bank, with future renovation and development prospects (STCA). Commercial 1 Zoning Leased at $48,000pa on a 5 Year Lease (starting 01/10/19) Further 2 x 5 Year Options 4% Annual Increases Current Covid-19 Notice https://www.vic.gov.au/coronavirus-covid-19-restrictions-victoria