Stonebridge Property Group is pleased to present Wellington Central, 172-176 Wellington Street, Collingwood, for sale via Expressions of Interest (EOI).
Wellington Central is a highly functional and flexible dual-level freehold warehouse/office/showroom with upside, ideally suited for owner-occupation.
The property is centrally located in Collingwood and benefits primarily from its access to the Smith Street Retail Precinct (300 m*) and Melbourne CBD (2 km*).
Key highlights of the opportunity include:
- Existing improvements comprise a multi-functional 991 sqm* building across two open-plan floor plates. Complemented by high clearance roller door, brand-new bathroom amenities, high-level power output and intelligent fit-out design
- Intelligent multi-tenant design with separate pedestrian access to the ground and first floors from both the front and rear of the building. This allows multiple tenants within the building.
- Substantial 632 sqm* landholding with significant scope for development upside (STCA)
- Expansive street dual presence with over 20.1 m* of frontage to Wellington Street and John Street at the rear, allowing for significant development efficiencies and/or retail activation
- Accompanied by 6 rare undercroft on-site car parks as well as end-of-trip facilities
- Dynamic mixed-use location makes it ideal for creative studios, builders, plumbers, marketing agencies, architects and engineering businesses, start-ups, family businesses, accountancy and legal firms, plus more
- Situated adjoining Australia's leading tertiary arts education college, Collarts, and neighbouring Collingwood institutions Aunty Peg's, Proud Mary Coffee, Anytime Fitness, and Smith + Deli
- Strategically connected to the Melbourne CBD (2 km*) via Smith Street Tram (300 m*) or Collingwood/Victoria Park Train Stations (650 m*). Alternatively, access is also simple via major arterials Johnston Street (300 m*) or Eastern Freeway (900 m*)
- The ground floor provides a short-term holding income of $86,064* net per annum + GST and outgoings
Wellington Central provides the opportunity to secure a freehold office/warehouse/showroom with income, ready for owner-occupation with future development activation.
Wellington Central, 172-176 Wellington Street, Collingwood, is for sale via Expressions of Interest closing Wednesday 25th September 2024 at 2PM (AEST).
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Max Warren
0488 296 892
Dylan Kilner
0459 396 341
Chao Zhang ??
0411 625 068
*Approximately
Property Code: 1047