High Exposure 383 SQM* Freehold with Dual Street Access and Development Upside
Stonebridge Property Group is pleased to present 206 Wellington Street, Collingwood for sale via Public On-site Auction.
The property is a 383 sqm* landholding and complemented by a high-quality existing building comprising 325 sqm* of expansive building area.
The property has clear development upside (STCA), holding income and the ability to occupy, invest or re-purpose.
Key highlights of the property include:
- Existing improvements comprise a high exposure 325 sqm* building fully renovated with both retail/warehouse capabilities including rear courtyard, mezzanine, roller door and loading bay
- Internally, the property is modern, light filled and fully self-contained comprising end of trip facilities, full kitchen, offices and polished concreate floors
- Underpinned by a substantial 383 sqm* landholding with significant scope for development upside (STCA)
- Zoned Commercial 2 (C2Z) and allowing for a range of uses namely, accommodation, retail, office, warehouse or a clever combination
- Expansive street presence with 12 m* of frontages to Wellington Street plus similar frontage to John Street at the rear. The extensive frontage allows for continued use as a high exposure showroom or alternative uses
- Situated adjoining Australia's leading tertiary arts education college Collarts and neighbouring Collingwood institutions Aunty Pegs, Proud Mary Coffee, Anytime Fitness and Smith and Deli
- Strategically connected to the Melbourne CBD (2 km*) via Smith Street Tram (300 m*) or Collingwood/Victoria Park Train Stations (575 m*). Alternatively, access is also simple via major arterials Johnston Street (300 m*) or Eastern Freeway (900 m*)
- Accompanied by 2 rare car parks on-site accessed via rear roller door
- Short-term holding income to quality tenant History with the ability for potential long-term re-commitment to suit investors
206 Wellington Street provides the opportunity to secure a freehold office/warehouse/showroom with income ready for renegotiation, owner-occupation or future development activation.
The property is for sale via Public On-site Auction on Friday 23rd June 2023 at 12:30pm (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
Shawn Luo 罗霄
0412 338 918
*Approximately
Property Code: 651
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