COLLINGWOOD

224-228 Smith Street, COLLINGWOOD VIC 3066

Rare Smith Street Development / Occupier or Investment Opportunity

GormanKelly is pleased to offer 224-228 Smith Street, Collingwood for sale by Expressions of Interest closing Thursday 21st April at 2pm.

This is a rare opportunity to acquire a substantial Smith Street development site, in an unbeatable prime location with holding income or an excellent investment with longer term potential.

We believe the most outstanding aspects of this property include:

- Two level retail/office premises of 894sqm* with 32 car-spaces
- Premium site with 2 street frontages (rear access via Little Oxford Street)
- Land Area 839sqm* / Zoned Commercial 1
- Highly sought after and desirable location with excellent mixed use development potential (STCA)
- Short-term holding income $75,999.96 net per annum plus outgoings
- Potential to return $400,000* net per annum
- Suitable for developers, owner occupiers or investors

Furthermore, 224-228 Smith Street is close to the following amenities:

- Only moments' walk to Smith Street, Brunswick Street & Gertrude Street food retailers including Proud Mary, Gelato Messina, Alimentari, Falco Bakery, Ichi Ni Nana Izakaya, Mario's, Lune Croissanterie, Meatsmith, Coles and Liquorland amongst various others
- Surrounded by various retailers and specialty stores including: Chemist Warehouse, Modern Times, Smith Street Bazaar and Vintage Garage
- Easy access to medical facilities such as Epworth Freemason's, Royal Victorian Eye & Ear Hospital & St Vincent's Public & Private Hospital's.
- Public transport at the doorstep, with the 86-tram operating along Smith Street and the 12 and 109 operating along Victoria Parade. North Richmond is the closest Railway Station, which is 22 min walk.

*Approximate