Developers and Investors – strap in! This is one of the largest landholdings available in Melbourne’s highly sought after inner-north and the competition is going to be hot.
Situated on the corner of Wellington and Gipps Streets, in the once industrial stronghold suburb of Collingwood, this prized property encompasses a land area of 4,264sqm and offers an array of potential development outcomes. Multiple development schemes have been compiled by JCB Architects, that are available upon request, with the space lending itself a hotel, office or mixed use project.
High profile agencies Colliers International and Real Properties are conjunctively representing the vendor, bringing 128-144 Wellington Street, Collingwood, to the market by way of an Expressions of Interest campaign, closing Wednesday 25 March 2019 at 3pm.
“Collingwood is currently one of the hippest and most desirable precincts of Melbourne, with a burgeoning hotel and office sector,” commented Colliers International’s Peter Bremner.
“Development opportunities of this size, location and stature are incredibly rare and we’re looking forward to meeting with the respective potential purchasers and sharing some of the design concepts already assembled.”
Included among the schemes developed by JCB Architects is a single office building providing 31,900sqm of net lettable space with a further 2,000sqm of ground floor retail. An alternate scheme outlines a dual stand-alone tower project, with one tower accommodating an office of 19,500sqm and the other tailored for a hotel with 198 keys.
“This substantial corner landholding offers a significant suite of advantages to its new owners,” Real Properties’ Joe Catanese noted,
“As well as the hedonistic culture and quality hospitality venues that the district is famous for, the access and transport options are also a major bonus. Collingwood train station is just 550m down the road, there’s easy access to both Hoddle Street and the Eastern Freeway, trams running frequently in all directions, and Melbourne’s CBD is just 1.6 kilometres away.
“On top of this, the new owners also have the option of pursuing a re-lease of the current building in the short-to-medium term, while plans are decided upon. There’s nothing to fault here – we think this is going to be one of the best development opportunities of the year.”
Summary:
- 4,264sqm large corner land holding
- Commercial 2 Zoned land
- Potential for significant development in excess of 30,000sqm (STCA)
- Suiting commercial office, hotel and mixed use buildings (STCA)
- Multiple development schemes prepared by JCB Architects available upon request
- Positioned only 550m from train and tram access and near popular Smith Street retail and food and beverage precinct
- Rapidly evolving precinct with significant development currently underway
- Prime City Fringe Location on the doorstep of the CBD
*Please note that all financials, measurements and distances quoted are approximate only.
128-144 Wellington Street, Collingwood, VIC, 3066, is offered for sale via Expressions of Interest, closing 3pm Wednesday 25 March 2020.
Enquire today to receive further detailed information.
Please contact the Colliers International and the Real Properties teams and mention Development Ready.
Colliers International
Peter Bremner: +61 412 326 942
Daniel Wolman: +61 412 957 839
Guy Wells: +61 405 612 416
Leon Ma: +61 417 070 725
Real Properties
Joe Catanese: +61 418 367 541
Lucas Gentile: +61 418 556 056
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