Stonebridge Property Group is pleased to present Wellington Central, 172-176 Wellington Street, Collingwood, for sale via Expressions of Interest (EOI).

Wellington Central is a highly functional and flexible dual-level freehold warehouse/office/showroom with upside, ideally suited for owner-occupation.

The property is centrally located in Collingwood and benefits primarily from its access to the Smith Street Retail Precinct (300 m*) and Melbourne CBD (2 km*).

Key highlights of the opportunity include:

• Existing improvements comprise a multi-functional 991 sqm* building across two open-plan floor plates. Complemented by high clearance roller door, brand-new bathroom amenities, high-level power output and intelligent fit-out design
• Intelligent multi-tenant design with separate pedestrian access to the ground and first floors from both the front and rear of the building. This allows multiple tenants within the building.
• Substantial 632 sqm* landholding with significant scope for development upside (STCA)
• Expansive street dual presence with over 20.1 m* of frontage to Wellington Street and John Street at the rear, allowing for significant development efficiencies and/or retail activation
• Accompanied by 6 rare undercroft on-site car parks as well as end-of-trip facilities
• 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 adjoining Australia's leading tertiary arts education college, Collarts, and neighbouring Collingwood institutions Aunty Peg's, Proud Mary Coffee, Anytime Fitness, and Smith + Deli
• Strategically connected to the Melbourne CBD (2 km*) via Smith Street Tram (300 m*) or Collingwood/Victoria Park Train Stations (650 m*). Alternatively, access is also simple via major arterials Johnston Street (300 m*) or Eastern Freeway (900 m*)
• The ground floor provides a short-term holding income of $86,064* net per annum + GST and outgoings
• Wellington Central provides the opportunity to secure a freehold office/warehouse/showroom with income, ready for owner-occupation with future development activation.

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