Collingwood Investment With Brand New Building & Market Leading Tenant
1, 57 Wellington Street, Collingwood VIC
Stonebridge Property Group is pleased to present for sale 1, 57 Wellington Street, Collingwood.
 
  • Leased by MAAP, a high-end Melbourne-based cycling apparel brand originally established in 2014.
  • 1, 57 Wellington Street, Collingwood is the flagship store for MAAP (trading as MAAP LaB) who already boast a national network of apparel suppliers.
  • Providing annual income of $105,255 through a vendor favoured 7 year lease with fixed 4% rental increases
  • A brand new 183 sqm* retail space, well designed with rear access & amenity + 12 m* of Wellington Street frontage
  • The shop forms the ground floor of GURNERS’ Lower East Side inspired 241* room Victoria & Vine development
  • Set to provide strong depreciation benefits that will further bolster investment returns
  • Collingwood – an affluent and densely populated suburb within the City of Yarra just 930 m* from the Melbourne CBD (median house price of $1,285,000)
  • Located adjacent East Melbourne (median house price of $3,300,000*) and the globally recognised MCG & Melbourne Park sporting precinct

*Approximate

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

Listing Map
Listing Map

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