Land

398-402 Smith Street, Collingwood

398-402 Smith Street Collingwood, VIC Australia 3066
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Key facts

Building Area
Land Area ()

Property description

JLL Melbourne Commercial Sales and Lemon Baxter are pleased to have the exclusive privilege of offering for sale this prominent Smith Street freehold packed full of potential.

 

Key details of the opportunity include:

- Prominent Smith Street landholding of 599sqm*.

- High-profile building comprising of 4 ground floor shops and 3 offices totalling 659sqm*.

- Extensive frontage of over 22.5 metres to Smith Street, plus side laneway access.

- Valuable on-site car parking for 12 cars.

- Fully let net income of $233,746 per annum*.

- Majority of the building is currently leased.

- Sought after Commercial 1 Zoning allowing for a variety of redevelopment outcomes including residential, commercial and retail (STCA).

- Local planning parameters provide for large scale development outcomes with excellent nearby and adjacent height precedent of 6-8 levels.

- Positioned on Smith Street, recently announced by Time Out as the ‘Coolest Street in the World’.

- A vibrant and eclectic city-fringe location with an absolute abundance of surrounding retail and lifestyle amenity.

- A remarkable opportunity to occupy, value-add or develop on this hotly contested retail strip.


For Private Sale

 

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

 

JLL

Nick Peden | 0402 011 266

Mark Stafford | 0404 401 053

MingXuan Li | 0498 688 998

 

Lemon Baxter

Paul O’Sullivan | 0412 410 366

Cameron Elliott | 0412 714 506

Investment highlights

  • Prominent 599sqm landholding
  • Valuable Commercial 1 Zoning
  • Strong income with upside 
Last Updated Date: 01 Dec 2021

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Last Updated Date: 01 Dec 2021

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