Stonebridge Property Group is pleased to present for sale 55 Down Street, Collingwood.

55 Down Street, Collingwood suits either a commercial and/or residential buyer, noting the commercial zoning plus the existing permit for a residence.

The property is a highly functional and flexible dual-level freehold warehouse/office/showroom with short-term holding income, ideally suited for owner-occupation.

The landholding is bolstered by its central and vibrant location, only minutes to the popular retail, hospitality, lifestyle amenity and iconic Smith Street, Collingwood.

Offers Considered From $1,850,000.

Key highlights of the opportunity include:

• Existing improvements comprise a multi-functional commercial/retail/warehouse building with a total area of 433 sqm*. Complemented by an oversized roller door, modern bathroom amenity and intelligent office design
• Intelligent multi-tenant design with separate pedestrian access to the ground and first floor from both front & rear of the building. This allows multiple tenants within the building, or one whole operator
• A strategic freehold land parcel of 307 sqm* with the ability to add value via re-purpose, re-fit, value-add or development upside (STCA)
• Expansive street dual presence with over 9.75 m* of frontages to Down Street & John Street at the rear, allowing for significant development efficiencies and/or retail activation
• 2 secure car parks on-site, a rarity in this pocket of Collingwood, plus rear roller door for further cars
• Dynamic mixed-use location makes it ideal for creative studios, builders, plumbers, marketing agencies, architects and engineering businesses, start-ups, family businesses, accountancy and legal firms, plus more
• Situated opposite Australia's leading tertiary arts education college, Collarts, and neighbouring Collingwood institutions Aunty Peg's, Urban Climb, Proud Mary Coffee, Anytime Fitness, and Smith + Deli
• Strategically connected to the Melbourne CBD (1.5 km*) via Smith Street Tram (450 m*) or Collingwood/Victoria Park Train Stations (780 m*). Alternatively, access is also simple via major arterials Johnston Street (400 m*) or Eastern Freeway (950 m*)
• Current tenant operating on a month-to-month rental agreement at $121,665* per annum + GST
• 55 Down Street provides the opportunity to secure a dual-level office/warehouse/showroom with income ready for owner-occupation with future development activation.

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