194-202 Wellington Street, Collingwood, VIC, 3066

****** SOLD ******

Gross Waddell ICR is pleased to offer for sale 194-202 Wellington Street, Collingwood, an extremely rare first-class investment in one of Melbourne’s most in demand commercial and lifestyle destinations.

• FIRST-CLASS COMMERCIAL INVESTMENT- 100% leased offering significant annual income of $250,000 net per annum* with fixed annual increases

• ICONIC TENANT- Leased to the highly acclaimed tenant being Proud Mary Coffee Roasters, trading as Aunty Peg's, on a recently renewed 5-year lease

• HIGHLY FUNCTIONAL FREEHOLD- 999 sqm* building accentuating the funky and high-quality finishes across 2 levels including a full commercial kitchen, high clearance roller door and character-filled fit-out

• INHERANT BUILDING VALUE- Flexible two-level freehold with 8 on-site car parks, offering potential to split into multiple tenancies post lease expiration

• LONG STANDING TENANT- Proven tenant who has had a long-standing history within the premise, having occupied it since 2014

• FUTURE UPSIDE- Zoned Commercial 2 Zone (C2Z) and on an expansive 665 sqm* dual fronted landholding, providing significant value-add or development potential (STCA)

• FUTURE BOOM PRECINCT- Situated within Collingwood’s prosperous commercial precinct, meters to the ‘World's Coolest Street’ being Smith Street

• COSMOPOLITAN HOT SPOT- Collingwood is home to the most electric and in demand cafes, restaurants, bars and fashion boutiques

• ACCESSIBLE & CITYS EDGE- Located on the doorstep of Melbourne’s CBD, Collingwood offers accessibility unlike many other city fringe locales

The property is for sale via Expressions of Interest closing at 3:00 pm on Wednesday the 30th of October 2024. For further information or to inspect the property, please contact Gross Waddell ICR directly.

*approx.

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