Nelson Alexander Commercial are pleased to present 438-440 Smith Street Collingwood for sale Via Public Auction on Friday 22nd July at 1pm.
The ‘North Of Johnston’ precinct of Smith Street has been recognised as the next evolution of the “World’s Coolest Street’, with a number of current and established mixed use developments in the immediate vicinity. This commanding corner freehold offers an immediate income stream with future retail, office and residential development (STCA) prospects, as well as immediate rental upside with a flexible lease profile.
Key features:
> High profile corner building providing 54 metres* of combined frontage to Smith & Mater Street
> Existing lease profiles provides strong income with opportunity for varied retail & office uses with rental upside
+ 438 Smith Street: Overholding lease with strong rental upside
+ 440 Smith Street: Leased to Australian School of Meditation and Yoga, a national non-profit with locations in Melbourne, Brisbane, Adelaide, Darwin, Gold Coast and Sydney
> Large 550sqm* of floor area across potentially 2, 3 or 4 future separate tenancies
> Flexible Commercial 1 Zoning allowing for a variety of development outcomes; retail, office, residential (STCA)
> Positioned on Smith Street, recently announced by Time Out as the ‘Coolest Street in the World’ which is underpinned by some of Melbourne’s most iconic boutique and trendy retail/lifestyle offerings
> Off-street parking via side access garage and convenient access to the Melbourne CBD via accessible tram services operating along Smith Street
For all enquiries or to arrange a private inspection, please contact exclusive agents Nelson Alexander Commercial on 9419 5511.
*all measurements are approximate
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