165 Victoria Parade, Collingwood.
A highly exposed corner freehold office/warehouse conversion has been introduced to the market within immediate proximity of the Melbourne CBD.
The property located at 165 Victoria Parade, Collingwood, is bookended by Bunnings Warehouse and Porsche Centre Collingwood and tinkers on the suburb boundary of Collingwood and East Melbourne.
Zoned Commercial 1 the building allows for a range of current and future uses including commercial, retail, residential with the further benefit to occupy, invest, repurpose or develop (STCA) in the future.
The total building size of 425sqm offers separated floor plates and separate access. This allows for a multi-tenant strategy with the benefit of a rear existing warehouse with separate roller door access via a private laneway.
The tender of the building is a buyer favoured short-term lease to non-for-profit Anglicare Victoria expiring 15/04/22 with agreed monthly ongoing lease thereafter.
“Properties with such clear fundamentals such as 165 Victoria Street, Collingwood are rare. Solid underlying land, ability for immediate value add and medium-long term development options create the complete property offering. We see the underlying land in Collingwood as the perfect ‘inflation proof’ strategy as 352sqm in this corner position will continue to appreciate.” – Stonebridge Manager, Max Warren
165 Victoria Parade, Collingwood is for sale via conjunctional appointment between Stonebridge Property Group agents Max Warren, Nic Hage, Sarah Xi and Wilson Commercial’s Adam Guest and Nicole Scrofani. The property will be offered via public on-site auction Wednesday 23rd March 2022 at 12:30pm (AEST).