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179-201 Victoria Parade, Collingwood, VIC 3066

2. Property Highlights

Standalone Bunnings and 5,375sqm* Landbank on CBD-Fringe
  • Freestanding Bunnings investment
  • Landbank for future high-rise project
  • 14 level development precedents

Burgess Rawson is pleased to offer to market the Bunnings at 179-201 Victoria Parade & 8 Cromwell Street, Collingwood VIC for sale via Expressions of Interest.

The property has the following investment highlights:

+ Standalone Bunnings on set-and-forget net lease to 2027 plus 4 x 5 year options.

+ Bunnings is wholly owned by Wesfarmers Ltd and one of the most sought after tenants in Asia-Pacific, recently announced a 6.3% increase in HY sales to $9.8 billion.

+ Significant 5,375 sqm* site, just 1.45 km from Melbourne’s city grid.

+ Freehold titles with three street frontages, including 77 meters to one of Melbourne’s original promenades, Victoria Parade.

+ Strategic, high-profile location, adjacent to one of Melbourne’s most important intersections – Hoddle Street and Victoria Parade – with over 100,000 vehicles passing daily (1).

+ Collingwood is home to one of Melbourne’s most active high-rise development precincts, with population forecast to increase by 72.4% by 2041 (2).

+ Once in a lifetime landbank opportunity for a future legacy development.

+ Commercial 1 site with development precedents up to 14 levels (3) and nearby developers challenging height limits (up to 23 levels).

+ Future high-rise development alternatives enhanced by position on the north side of Victoria Parade, minimising overshadowing hurdles.

+ Potential future mixed use development concept prepared by Buchan Group based on planning advice from Urbis, STCA.

+ Income: $3,115,280 pa* with annual, compounding 3% increases.

For Sale by Expressions of Interest

Closing 1:00pm AEST Tuesday 27 June

* Approx

1. GapMaps

2. .id

3. Urbis

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3. Property Location

179-201 Victoria Parade, Collingwood, VIC 3066