Wellington Central, 172-176 Wellington Street, Collingwood, VIC 3066

Industrial | Offices | Showrooms

Sold

  • Property ID: 447861
  • Floor Area: 991m²
  • Land Area: 632m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 24/10/2024 991m2 632m2 Contact Agent
12 months Settlement Available Instead of Freeholding - Warehouse/Office/Showroom with Dual Street Frontage Access + Upside

Stonebridge Property Group is pleased to present for sale Wellington Central, 172-176 Wellington Street, Collingwood.

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*)

Wellington Central provides the opportunity to secure a freehold office/warehouse/showroom with income, ready for owner-occupation with future development activation.

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

Collingwood Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $3597 $220 6.12%
Retail $9845 $292 2.97%
Offices $5619 $392 6.97%
This is the average advertised price, rent and yield for Collingwood, VIC 3066*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Industrial in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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