Stonebridge Property Group is pleased to present for sale 272 Smith Street, Collingwood.

The key highlights of the opportunity include:

• The prominent medical tenanted freehold is strategically positioned in the heart of Smith Street directly opposite supermarket giant Woolworths
• 100% leased to longstanding tenants ‘Newton & Leung Pharmacy’ and the ‘Smith Street Medical Centre’ – that have both enjoyed 38+ years of trading success
• Fundamentals include a 289 sqm* Commercial 1 Zoned landholding with the benefit of rear lane access.
• The flexibility of the site coupled with favourable zoning and precedent for additional height provides future development possibilities (STCA)
• The commanding building spans 318 sqm*, benefits from 9.1 m* frontage and has the rare convenience of 8 undercover car parks, accessed via a rear lane
• Providing annual income of $139,671 + GST + Outgoings with fixed 3.5% annual increases
• Boasting aligned 10-year lease terms, both of which are set to expire in Dec-2029, with no further options to renew – adding to the future flexibility of the asset
• Collingwood/Fitzroy stand as some of Melbourne’s most densely populated suburbs with 7,256 residents per km - 14x higher than greater Melbourne and a significant driver of retail trade
• Bookended between Woolworths and Coles, and set amongst some of Melbourne’s most popular retailers and hospitality venues
• Directly opposite a significant site earmarked for a 11-story, 115 apartment mixed-use development – an exciting project that is set to benefit retailers
• Located just 1.4km from the Melbourne CBD and 1.9km to the Melbourne Cricket Ground

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.