Freehold City Fringe Office/Warehouse with Dual Street Frontage Access + Residence
Stonebridge Property Group is pleased to present 55 Down Street, Collingwood, for sale via Public On-site Auction.
55 Down Street, Collingwood suits either a commercial and/or residential buyer, noting the commercial zoning plus the existing permit for a residence.
The property is a highly functional and flexible dual-level freehold warehouse/office/showroom with short-term holding income, ideally suited for owner-occupation.
The landholding is bolstered by its central and vibrant location, only minutes to the popular retail, hospitality, lifestyle amenity and iconic Smith Street, Collingwood.
Key highlights of the opportunity include:
- Existing improvements comprise a multi-functional commercial/retail/warehouse building with a total area of 510 sqm*. Complemented by an oversized roller door, modern bathroom amenity and intelligent office design
- Intelligent multi-tenant design with separate pedestrian access to the ground and first floor from both front & rear of the building. This allows multiple tenants within the building, or one whole operator
- A strategic freehold land parcel of 307 sqm* with the ability to add value via re-purpose, re-fit, value-add or development upside (STCA)
- Expansive street dual presence with over 9.75 m* of frontages to Down Street & John Street at the rear, allowing for significant development efficiencies and/or retail activation
- 2 secure car parks on-site, a rarity in this pocket of Collingwood, plus rear roller door for further cars
- 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 opposite Australia's leading tertiary arts education college, Collarts, and neighbouring Collingwood institutions Aunty Peg's, Urban Climb, Proud Mary Coffee, Anytime Fitness, and Smith + Deli
- Strategically connected to the Melbourne CBD (1.5 km*) via Smith Street Tram (450 m*) or Collingwood/Victoria Park Train Stations (780 m*). Alternatively, access is also simple via major arterials Johnston Street (400 m*) or Eastern Freeway (950 m*)
- Current tenant operating on a month-to-month rental agreement at $121,665* per annum + GST
55 Down Street provides the opportunity to secure a dual-level office/warehouse/showroom with income ready for owner-occupation with future development activation.
55 Down Street, Collingwood is for sale via Public On-site Auction on Thursday 31st October 2024 at 10:30AM (AEDT). 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
Tony Sun ???
0432 022 868
*Approximately
Property Code: 1087